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Tag: Finances

Air Astana incurs H1 loss as passenger volumes soften
Air Astana incurs H1 loss as passenger volumes soften
Kazakhstan’s leading airline group, Air Astana—encompassing the eponymous flag carrier and LCC subsidiary FlyArystan—reported mixed first-half 2026 results. While aggressive international route expansion drove double-digit revenue growth, escalating operational cost ...
International consortium to build and operate Tashkent’s new mega-airport under 35-year concession
International consortium to build and operate Tashkent’s new mega-airport under 35-year concession
Uzbekistan has taken a major step toward launching Central Asia’s key aviation project. National airport operator Uzbekistan Airports and an international consortium led by Saudi Arabia’s Vision Invest—and including Japan’s ...
Uzbekistan Airways eyes international IPO by year-end
Uzbekistan Airways eyes international IPO by year-end
Tashkent is preparing to list a 15% to 20% stake in national carrier Uzbekistan Airways on international markets before the end of the year. Backed by US-based asset management firm ...
US investment bank to help Uzbekistan’s state airport operator tap capital markets
US investment bank to help Uzbekistan’s state airport operator tap capital markets
Uzbekistan Airports, the state-owned operator managing 18 airports across the nation, has signed a Memorandum of Understanding (MoU) with JPMorgan Chase to collaborate on capital market activities, including the potential ...
Air Astana to part ways with its major foreign shareholder
Air Astana to part ways with its major foreign shareholder
Air Astana Group has announced that its key foreign shareholder, the British defense conglomerate BAE Systems, plans to sell its remaining 6.9% stake in the company. In 2001, the British ...
My Freighter’s parent holding plans to raise $600 million via IPO
My Freighter’s parent holding plans to raise $600 million via IPO
Centrum Holding, the parent company of Uzbekistan’s largest private airline, My Freighter, plans to raise US$600 million through an Initial Public Offering (IPO). This was announced by John Tonelli, Managing ...
$425 million investment for new terminal at Yerevan Airport
$425 million investment for new terminal at Yerevan Airport
The Argentine holding company Corporación América S.A. is solidifying its long-term commitment to Armenia. The operator of Zvartnots International Airport (EVN) has signed a substantial amendment to its concession agreement, ...
Delivery of fourth Q400 turboprop to Kyrgyzstan pushed to 2026
Delivery of fourth Q400 turboprop to Kyrgyzstan pushed to 2026
The delivery of the fourth De Havilland Dash 8-400 turboprop regional aircraft to Kyrgyzstan’s national carrier, Asman Airlines, has been postponed until 2026. This was confirmed during a speech by ...
BAE Systems sells larger stake in Air Astana than planned
BAE Systems sells larger stake in Air Astana than planned
On December 17, the British defense group BAE Systems announced the sale of a 10.1% stake in Kazakhstan’s national carrier, Air Astana, for a total of US$52 million. The sale ...
British shareholder to sell half of its remaining shares in Air Astana
British shareholder to sell half of its remaining shares in Air Astana
British defense contractor BAE Systems has announced its decision to sell half of its stake in Kazakhstan's largest carrier, Air Astana. The company has offered 8% out of its current ...
Kazakh capital’s airport traffic saw 13% increase amidst strategic uncertainty
Kazakh capital’s airport traffic saw 13% increase amidst strategic uncertainty
Astana Nursultan Nazarbayev International Airport (NQZ) reported robust operational growth for the first ten months of 2025, even as its long-term management structure enters a period of renewed volatility. Operational ...
Air Astana to finance purchase of up to 15 Boeing 787-9s through ExIm
Air Astana to finance purchase of up to 15 Boeing 787-9s through ExIm
Air Astana, Kazakhstan's flag carrier, signed a preliminary agreement with Boeing for up to 15 Boeing 787-9 aircraft. This is the largest-ever commitment by the airline, comprising five firmed positions, ...