Yvo and utiketIndia

Rusdi Kirana Has Lion-Size Ambitions for Indonesia's Largest Airline

7 Feb 2015 04:50:19

forbes.com

The chief executive of Indonesia's Lion Group, Rusdi Kirana, who shares an estimated net worth of $1.7 billion with his brother Kusnan, can now fly in his own chartered jet. But on a recent trip from Batam, his jet got a flat tire. Rather than wait for the tire to be fixed, Rusdi hopped on a Lion Air flight and sat in a regular economy class seat.


Rusdi's adaptability has served him well in the volatile airline business. Starting with just $900,000 in 1999, he and his brother have built Lion Air into the largest airline in Indonesia by number of passengers flown and fleet size. (Cofounder Kusnan, a shareholder in Lion Group, is not active in day-to-day operations.) Rusdi is planning to take the private airline public soon, and the most recent indicative value of the airline is about $2 billion, nearly double the value of the listed national flag carrier Garuda Indonesia.


Read full story: forbes.com

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