Almaty Airport

Kazakhstan’s Air Astana poised to complete several milestones in 2012 including IPO

Air Astana is opening a new chapter in its short but so far highly successful history as the Kazakhstani carrier approaches its second decade. Air Astana, which launched services in May-2002, is now preparing for an initial public offering which should generate capital to support further rapid growth. The IPO and 10th anniversary are two of several potential milestones for the carrier in 2012. This year Air Astana will likely place its first ever widebody aircraft orders, converting an earlier letter of intent (LoI) for Boeing 787s and purchasing 767-300ERs. The carrier also plans to take delivery of its first owned aircraft this year and aims to join before the end of 2012 the Association of Asia Pacific Airlines (AAPA).

Air Astana is now relatively small by global standards, operating a fleet of only 26 aircraft (24 narrowbodies and two widebodies, all of which are leased) to 54 destinations. But it has emerged as a leading carrier in the increasingly important emerging market of Central Asia, an enviable position it now seeks to capitalise on as Kazakhstan’s largest city, Almaty, is developed into a hub for the region.

Air Astana reports strong first-half results

Air Astana, the largest airline based in the central Asian region, reported a net profit before tax of USD36.9 million for 1HY2011, a 10.4% increase over 2010 despite increased fuel costs and the airline’s expansion.