REG - Air Astana JSC - Statement regarding BAE Systems disposal

Air Astana AOAnnouncement

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RNS Number : 2965X  Air Astana JSC  19 March 2026

19 March 2026

 

Statement regarding BAE Systems disposal

 

Almaty, Kazakhstan - Air Astana JSC ("Air Astana" and, together with its
subsidiary FlyArystan, "the Group") notes the announcement that BAE Systems
plan to sell their remaining holding in the company. We would refer to their
public disclosures for further details of the transaction.

 

BAE Systems has been a key partner of Air Astana since our inception. The
company was formed as a joint venture between the Kazakhstan State and BAE
Systems in 2001. BAE Systems reduced their holding to 16.95% as part of the
Air Astana's IPO in 2024 and sold a further 10.1% stake in December 2025. We
recognise that Air Astana was no longer a core holding in the context of their
wider operations and we look forward to welcoming new shareholders to the
group at this exciting point in our development. We also note the increase to
our free float as a function of the sale.

Air Astana recently reported results for the Full Year 2025 which showed a
resilient performance with strong revenue and capacity growth. Total Revenue
increased 11.4% to USD1,453.9m and EBITDAR increased 0.8% to USD321.2m (22.1%
margin). Details of the results can be found via the below link:

https://ir.airastana.com/en/disclosure-center/regulatory-disclosure-and-releases/
(https://ir.airastana.com/en/disclosure-center/regulatory-disclosure-and-releases/)

 

For further information:

 Investor Relations:  investor (mailto:investor.relations@airastana.com) .
                      (mailto:investor.relations@airastana.com) relations
                      (mailto:investor.relations@airastana.com) @
                      (mailto:investor.relations@airastana.com) airastana
                      (mailto:investor.relations@airastana.com) .
                      (mailto:investor.relations@airastana.com) com
                      (mailto:investor.relations@airastana.com)

 Financial Media:     airastana (mailto:airastana@fticonsulting.com) @
                      (mailto:airastana@fticonsulting.com) fticonsulting
                      (mailto:airastana@fticonsulting.com) . (mailto:airastana@fticonsulting.com)
                      com (mailto:airastana@fticonsulting.com)

 

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 62 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 Gulf, India and Europe. Air
Astana has been recognised by SkyTrax as the Best Airline in Central Asia
& CIS fourteen years running and received the Best Airline Staff Service
in Central Asia & CIS award nine times in a row. FlyArystan has been
recognised as the Best Low-Cost Carrier (LCC) in Central Asia & CIS at the
SkyTrax awards three times. Additionally, Air Astana was awarded a five-star
rating in the major airline category by the Airline Passenger Experience
Association (APEX). The Group is listed on the Kazakhstan Stock Exchange,
Astana International Exchange and London Stock Exchange (ticker symbol: AIRA).

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