Lion Air – the big question

 

rusdi lion.jpg

Lion Air is the second-largest airline in Indonesia but its finances remain a mystery, to me at least. I have been trying to get its total revenue figure for 2007 and 2008 for the Airline Business magazine global rankings but not having any luck. Other large carriers don’t have a problem releasing such info. If anyone has an idea of what Lion Air’s total revenue was for 2007 and 2008, please let me know. It would go a long way to explaining how Lion has been able to add so many aircraft so fast.

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2 Responses to Lion Air – the big question

  1. Spacman 14 July, 2009 at 10:37 pm #

    get your enemies to fly lion air – best way to get ride of them

  2. macondo 14 July, 2009 at 11:04 pm #

    All the Indonesian domestic carriers dodge taxes on quite a significant scale and also keep two sets of books (similar to plenty of other companies in the archipelago). This is why the principals behind these companies are in no particular rush to publicly list the companyies in spite of needing additional capital.
    As they currently stand, the companies are completely unpalatable to most foreign strategic investors without having someone else come in first to clean up the accounting mess and, if necessary, settle with the tax authorities.

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