Air Astana - The Future

The Future

In early 2011 the Government of Kazakhstan announced a program of “Peoples’ IPOs”, to list a portion of the shares of some of the country’s leading national companies through Initial Public Offerings on the Kazakhstan Stock Exchange (KASE), in mid to late 2012. Air Astana was selected to be amongst the first to be listed on account of its consistent record of growth and profitability and because of its corporate governance standards (rated GAMMA 6 by Standard & Poor’s in 2011). As of February 2012 details remain to be defined, in particular changes to the shareholding structure, which has been in place since the birth of the airline, but which will have to change if a public listing is to take place.