The flag carrier of Kazakhstan is a joint venture between the national’s wealth fund Samruk Kazyna and UK defence company BAE Systems, with respective shares of 51 per cent and 49 per cent.
Dubai: Air Astana has expanded in the Middle East with the re-launch of Dubai-Almaty direct daily flights and its chief executive officer Peter Foster said the emirate is very important for the airline.
The flag carrier of Kazakhstan is a joint venture between the national’s wealth fund Samruk Kazyna and UK defence company BAE Systems, with respective shares of 51 per cent and 49 per cent.
The Dubai service was stopped in 2010 on an air traffic rights issue and the airline moved its operations to Abu Dhabi. Under the new agreement, around 2,000 seats per week are available but mostly enjoyed by UAE carriers — Etihad Airways with seven flights per week, Air Arabia with nine flights per week and flydubai with seven flights per week.
The airline operates 43 flights in 18 countries throughout Asia, Central Asia, the CIS, Caucasus, Europe and the Middle East. Its domestic network includes services to 12 cities.
Air Astana is buying more aircraft and launching new routes, its Chief Executive Peter Foster said. It aims to grow its fleet to 45 planes in 2022 from 30 currently.
Air Astana has been profitable since inception and has contributed greatly to Kazakhstan’s economy, with payments to state budgets exceeding $300 million. Kazakhstan is an oil-producing country and Air Astana buys 60 per cent of its fuel from the country. Its oil bill is around $350 million.
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