REG - Air Astana JSC - Strategic partnership with Neos

Boeing CoAnnouncement

15/04/2024 08:15

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RNS Number : 5919K  Air Astana JSC  15 April 2024

15 April 2024

 

Air Astana Joint Stock Company

("Air Astana Group" or "the Group")

 

Air Astana Group enters strategic partnership with Neos

 

Air Astana Group, the largest airline group in Central Asia and the Caucasus
regions by revenue and fleet size, has signed a memorandum of understanding
with Neos SpA ("Neos"), the second Italian airline and part of the Alpitour
group (together, "the Parties"), 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 Milan Malpensa (MXP) and Almaty (ALA)
and vice versa.

 

·   Service collaboration on Boeing aircraft from 2025 when Air Astana
Group will receive delivery of three Boeing 787-900. Where permitted, the
Parties will share technical and operation insights gained during existing
operations by Neos and entrance into service by Air Astana.

 

·   The Parties will consider and evaluate the formation of a
joint-venture for route(s) between Italy and Kazakhstan, where regulatory,
anti-trust and governmental authority permits.

 

Peter Foster, CEO of Air Astana Group, said:

"We are delighted to enter a strategic partnership with Neos and look forward
to exploring initiatives together so we can better serve our mutual customers.
This agreement will provide Air Astana passengers with more flexibility,
convenience and choice of flights between Kazakhstan and Italy. The first
interline agreement was signed by Air Astana in 2005 and since then, the Group
has steadily grown ties with other international carriers in Asia and Europe
as we endeavour to offer our customers even more choices for travelling around
the world."

 

Enquiries:

 Air Astana Group
 Irina Martinez (Head of Investor Relations)                  investor.relations@airastana.com (mailto:investor.relations@airastana.com)

                                                              +7 727 258 41 36
 Bella Tormysheva (Vice-President, Corporate Communications)  media@airastana.com (mailto:media@airastana.com)

                                                              +7 727 258 41 35

 Instinctif Partners (IR and PR Adviser to Air Astana Group)  airastana@instinctif.com (mailto:airastana@instinctif.com)
 Damian Reece                                                 +44 7931 598 593
 Joe Quinlan                                                  +44 7493 867 439
 Vivian Lai                                                   +44 7493 867 459

 

About the Air Astana Group

Air Astana Group is the largest airline group in Central Asia and the Caucasus
regions by revenue and fleet size. The Group operates a fleet of 50 aircraft
split between Air Astana, its full-service airline that operated its inaugural
flight in 2002, and FlyArystan, its low-cost airline established in 2019. The
Group provides scheduled, point-to-point and transit, short-haul and long-haul
air travel and cargo on domestic, regional and international routes across
Central Asia, the Caucasus, the Far East, the Middle East, India and Europe.
In 2023, Air Astana was recognised eleven times in a row as the "Best Airline
in Central Asia and CIS" at the Skytrax World Airline Awards and received a
five-star rating in the major airline category by the APEX. FlyArystan was
also awarded the Skytrax Award for "Best low-cost carrier in Central Asia and
CIS" for the first time, and is one of the twelve Skytrax 4-Star airlines
globally. The Group is listed on the Kazakhstan Stock Exchange, Astana
International Exchange and London Stock Exchange (ticker symbol: AIRA).

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