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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Kazakhstan’s Air Astana sees possible IPO in 2016

Posted on 16 July 2014

Air Astana (KC, Astana) is considering going public over the next two or three years president Peter Foster, has announced. The Wall Street Journal quotes Foster as saying an IPO had become a necessity given its ambitious expansion plans.
Majority-owned by the Kazakh sovereign wealth fund, Samruk Kazyna, the carrier is a joint-venture with BAe Systems (B1, Warton) which owns the remaining 49%. On the back of growing profitability - the carrier generated a profit of USD46million last year - Air Astana has outlined plans to develop Astana into a regional and international transit hub………………………………………..Full Article: Source


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