Sriwijaya Air (SJ, Jakarta Soekarno-Hatta) has once again postponed its planned Initial Public Offering (IPO) on the Indonesian stock exchange. The IPO was planned for 2Q17, but commercial director Toto Nursatyo has said that it will be most likely later in the year.

"We still want to do it this year. Maybe in August and if not, in September," he told the Jakarta Post.

The airline has not revealed how much it is hoping to raise, but will offer 25% of its shares. The capital will go towards the leasing of several narrow body and ATR aircraft.

Sriwijaya Air currently operates nine B737-300s, ten B737-500s, twenty-one B737-800s, and two B737-900(ER)s to destinations throughout Indonesia, as well as to Dili, Hambantota and Penang.