REG - Air Astana JSC - FlyArystan management change

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25/04/2024 08:15

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RNS Number : 9195L  Air Astana JSC  25 April 2024

25 April 2024

 

 

Air Astana Group announces FlyArystan management change

 

 

Almaty, Kazakhstan - Air Astana Group ("the Group"), the largest airline group
in Central Asia and the Caucasus regions by revenue and fleet size, announces
that Adrian Hamilton-Manns, the CEO of its low-cost subsidiary, FlyArystan,
has decided to resign from the company in order to return to South Africa to
spend more time with his family.

 

Richard Ledger will be appointed Acting CEO with effect from Monday 20 May
until a permanent replacement is appointed, under the terms of the charter
provisions of the Nomination Committee and Boards of Directors of FlyArystan
and Air Astana, and in accordance with mandatory regulatory procedures. Mr
Hamilton-Manns will remain with FlyArystan until end of May in order to
facilitate a smooth handover to Mr Ledger.

 

Mr Ledger was Air Astana's Director of Worldwide Sales from 2009 to 2017, and
Vice President Marketing and Sales from 2017 to 2022. Under his sales
leadership, revenues grew by 58%, from $646.8m in 2008, to $1.02b in 2022.
Since then, he has been responsible for Air Astana's operations in the UK,
Europe, and the Americas, based in London.

 

Mr Hamilton-Manns joined FlyArystan in 2020. Under his leadership, revenues
grew by 384% from $57.4m in 2020, to $277.8m in 2023, making it one of the
fastest growing airlines in the world.

 

Commenting on the moves, Peter Foster, Air Astana Group CEO, said: "We are
sorry that Adrian has decided to leave, however we understand that this
difficult decision has been made for family reasons, taking into account the
distance between Kazakhstan and their place of residence in South Africa.
Since 2020, FlyArystan has grown from post-start up to an airline with a fleet
of 19 aircraft, and with a considerably expanded revenue base and geographical
footprint. He leaves the airline with our acknowledgment and thanks for its
achievements over the 4 years of his tenure, and with our best wishes for the
future.

 

The Group is fortunate to have management strength in depth, and I am pleased
to welcome Richard Ledger back to Kazakhstan as Acting CEO of FlyArystan. From
2009 to 2022, Richard was integral to, and a leader of, the Group's
consistently profitable growth, including the Group's remarkably swift
recovery from the Covid-19 global pandemic, when it was one of a very small
number of airlines which did not require state or shareholder financial
support. We have no doubt that Richard will continue to deliver profitable
growth at FlyArystan."

 

For further information, please visit www.airastana.com
(http://www.airastana.com) , or contact:

 

 Air Astana                                                                   Air Astana                                            Instinctif Partners

 Irina Martinez                                                               Bella Tormysheva                                      Joe Quinlan

 Head of Investor Relations                                                   Vice-President                                        Vivian Lai

 +7 727 258 41 36                                                             Corporate Communications                              +44 20 7457 2020

 investor.relations@airastana.com (mailto:investor.relations@airastana.com)   +7 727 258 41 35                                      airastana@instinctif.com (mailto:airastana@instinctif.com)

                                                                              media@airastana.com (mailto:media@airastana.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 51 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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