Lion Air, the carrier behind Indonesia’s second-worst aviation disaster, starts work on a US$1 billion initial public offer

Lion Air has started preparations for a domestic initial public offering, people with knowledge of the matter said, as Indonesia’s biggest private carrier seeks to move past an October crash that triggered the crisis surrounding Boeing’s 737 MAX plane.The company is working with advisers on the planned share sale, which could take place as soon as this year, the people said.Lion Air has been discussing a fundraising target of around US$1 billion, though it hasn’t set precise terms for the deal,…