Lion Air (JT, Jakarta Soekarno-Hatta) has set in motion plans to list on the Indonesia Stock Exchange (IDX) by the end of this year, the bourse's Corporate Assessment Director, I Gede Nyoman Yetna, has confirmed.

In an interview with Bisnis, Yetna said the carrier would be holding a presentation with the IDX board next week which, if accepted, could result in the largest listing in recent years.

"We'll see, hopefully they can present all their information in full so we can process it quickly," he said.

According to Yetna, Lion Air plans to use its financial statements through June 30, 2019, for the listing. He declined to mention any further details pending the outcome of Lion Air's presentation.

During its abandoned 2016 bid to list, Lion Air planned to raise IDR10 trillion rupiah (USD820 million at the 2016 IDR/USD rate) by floating a 30% stake on the IDX. Part of the proceeds were to have been used to develop a new airport in Lebak in Banten, West Java and to fund its substantial Airbus and Boeing order backlog.