/KASE, June 11, 2025/ – Air Astana JSC (KASE ticker – AIRA) has announced
the following:
quote
Air Astana JSC (the "Company" and, together with its subsidiary FlyArystan, the
"Group"), the largest airline group in Central Asia and the Caucasus regions by
revenue and fleet size, announces that the registration of its wholly owned
Ground Services subsidiary as Air Astana Terminal Services LLP ("Air Astana
Terminal Services") was completed on 4 June 2025.
Air Astana Terminal Services will be focused primarily on ground handling
services and other related activities. It will support the growth of both brands of
the Group, contribute to improved operational efficiencies and potentially
introduce new revenue opportunities across a wide range of services to other
airlines. Operations will initially be deployed at the Group's principal hub in
Almaty with the intention to subsequently expand to other cities and introduce a
broader range of activities under the registered subsidiary.
The new subsidiary is an important investment not only for the Group but also for
the broader development of ground handling services in Kazakhstan. It marks the
latest stage in the Group's strategy to further improve operational efficiency by
managing key costs in-house and, over time, transforming them into profit
centres.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/AIRA/aira_relizs_110625_1_kaz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/AIRA/aira_relizs_110625_1.pdf
Full version of the press release in English –
https://kase.kz/files/emitters/AIRA/aira_relizs__110625_eng.pdf
[2025-06-11]