Tag: Peter Foster

Air Astana Group enters strategic partnership with Neos

Air Astana Group has signed a memorandum of understanding with Neos SpA to enter a strategic partnership. The strategic partnership will encompass several areas of cooperation, including a codeshare agreement under which Air Astana will apply a marketing code to Neos-operated flights between Mil...

Air Astana announces pricing for IPO in London and Kazakhstan

Following the announcement on 29 January 2024 of the offer price range, Air Astana Joint Stock Company today announces the pricing and the successful completion of the bookrunning process in relation to the initial public offering of GDRs internationally and a concurrent offering of Shares and GDRs ...

Air Astana announces offer price range for IPO in London and Kazakhstan

Following the announcement on 19 January 2024 confirming its intention to proceed with an initial public offering of its GDRs internationally and a concurrent offering of Shares and GDRs in Kazakhstan (the “Domestic Offer”, and together with the Global Offer, the “Offering”), Air Astana Join...

Air Astana confirms its intention to float in London and Kazakhstan

Following the announcement on 12 January 2024 of its expected intention to float, Air Astana Joint Stock Company today confirms its intention to undertake an initial public offering of its GDRs internationally and a concurrent offering of Shares and GDRs in Kazakhstan, and certain details of the Off...

Air Astana announces intention to float on the London Stock Exchange

Air Astana, one of the fastest growing airline groups in the world, today announces an expected intention to float on the London Stock Exchange. Shares will also be listed on the AIX and KASE exchanges in Kazakhstan. The Air Astana Group is the largest airline group in Central Asia and the Cau...

Air Astana Signs Agreement on Lease for Three Boeing 787-9 Dreamliner

Air Astana, Kazakhstan’s flag carrier, has signed an agreement with Air Lease Corporation for the long-term lease of three new wide-body Boeing 787-9 Dreamliner. The leased aircraft are scheduled to begin arriving from the first half of 2025. Peter Foster, President and Chief Executive Offic...

Air Astana returns to profit in the first half of the year

Air Astana returns to profit in the first half of the year

Air Astana has reported it returned to profit in the first six months of 2019, after posting a loss in the same period last year. For the period ending 30 June, the Kazakhstan headquartered carrier’s operating profit was $6.8 million, versus a loss of $11.9 million in the same period in 2018. ...

FlyArystan set to launch services on 1 May

FlyArystan set to launch services on 1 May

FlyArystan - the soon-to-launch low cost arm of Kazakh flag carrier Air Astana - is on its final countdown to the launch of services on 1 May, 2019. Inaugural domestic routes will be from Almaty International Airport to Taraz and Uralsk. FlyArystan is flying Airbus A320 aircraft configured wit...

Air Astana records $5.3m net profit in 2018 on higher revenues, higher costs

Air Astana records $5.3m net profit in 2018 on higher revenues, higher costs

Air Astana has reported an unaudited net profit for 2018 of $5.3 million driven by higher revenues but also affected by a more than 25 per cent increase in fuel prices. Total airline revenue rose by 10 per cent to $840.8 million. Capacity as measured in ASKs rose by five per cent and total passen...

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