EBRD acquires minority stake in Air Astana
Summary
EBRD invested US$41.99 million in Air Astana and became a 5% shareholder. The deal supports Kazakhstan’s partial privatization of the airline through its IPO. Air Astana plans to use the proceeds to expand and renew its fleet, build an aircraft maintenance facility, and buy a flight simulator. The airline also aims to grow its fleet to 80 aircraft by 2028 while advancing its carbon-neutral target for 2050.
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