KONTAN.CO.ID - HONG KONG. Indonesia's Lion Air is launching a pre-marketing drive next week for a potential public float, three sources familiar with its plans said, as the airline seeks to win over investors more than a year after the fatal crash of one of its Boeing 737 MAX jets.

The carrier, one of Asia's largest budget carriers with 112 planes, will begin investor presentations next week in Jakarta, followed by Singapore, Hong Kong and cities in Europe and the United States, said the sources who declined to be identified as they were not authorised to speak to the media.

A spokesman for Lion Air declined to comment.

Two of the sources said there was no target for the capital raising but the airline is expected to raise just over $500 million. One of the sources said the IPO could be launched in the first quarter.

Baca Juga: Segera IPO, Lion Air bakal roadshow mulai 27 Januari

Last November, sources had suggested a range of between $750 million and $1 billion for the fundraising.

Roadshows are a means for a company's bankers to gauge investor appetite and detect any potentially thorny issues before the company commits to launching a deal.

BNP Paribas and Morgan Stanley are the international banks leading the deal. Both declined to comment.

Lion Air has toyed with an IPO for more than five years.

Editor: Yudho Winarto