9-Mar-2012 8:22 AM

Merpati looking to conduct share sale in 2018

Merpati Nusantara Airlines plans to conduct a share sale in 2018 following a restructure which is expected to improve the airline’s performance and increase its attractiveness to investors. According to reports by The Jakarta Globe, the airline also plans to modernise and expand its fleet from 23 to 27 aircraft in 2012 while adjusting its network over 2013/14. Once Merpati reaches its improved earnings target between 2015 and 2017, Indonesia’s Government will be able to sell its stake privately or publicly through an initial public offering (IPO).