Newsletter April 2024, Issue 1 | Page 4

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FEAS Special Interview

And the actions of Short Sellers

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Air Astana Group Successfully Completes its IPO: The Largest Airline Group in Central Asia and the Caucasus

On February 15h, 2024, Air Astana Group (“the Group”), the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size, announces completion of its initial public offering, the most substantial privatisation in the Republic of Kazakhstan to date with majority participation by local investors.

This is the first IPO achieved simultaneously on three stock exchanges: the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange. The total deal size for the IPO was c. USD 370 million (assuming full exercise of the over-allotment option), valuing the Group at c. USD 847 million.

FEAS Secretariat with the  Head of Investor Relations of Air Astana Group Ms. Irina Martinez, CEO of Astana International Exchange Ms. Assel Mukazhanova and Chairman of the Management Board of Kazakhstan Stock Exchange Ms. Alina Aldambergen  to know more details about the IPO.

READ the Full Interview

And the actions of Short Sellers

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