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BAE Systems Plans To Sell Remaining Stake In Kazakhstan's Air Astana
(MENAFN- Trend News Agency) ** ASTANA, Kazakhstan, March 19.** BAE Systems, headquartered in the UK, is strategizing to divest its final shares in Air Astana, Trend reports via the Kazakh company.
Air Astana noted that BAE Systems has been a key partner since the airline’s establishment. The company was founded in 2001 as a joint venture between the Government of Kazakhstan and BAE Systems.
As part of Air Astana’s IPO in 2024, BAE Systems reduced its stake to 16.95% and, in December 2025, sold an additional 10.1% shareholding.
Air Astana recently published its full-year 2025 financial results. Total revenue increased by 11.4% to $1.453 billion, while EBITDAR rose by 0.8% to $321.2 million, with a margin of 22.1%.
BAE Systems, headquartered in London, provides technology-led defense, aerospace, and security solutions. The company was founded in 1999.
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