BAE Systems has indicated that it plans to sell its remaining stake in Air Astana Group.
BAE Systems has been a key partner of Air Astana since its inception. The company was formed as a joint venture between the Kazakhstan State and BAE Systems in 2001. BAE Systems reduced its holding to 16.95% as part of the Air Astana’s IPO in 2024 and sold a further 10.1% stake in December 2025. In a statement the group said: “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).
BAE Systems to sell stake in Air Astana Group
