- by foxnews
- 18 Mar 2025
Kazakhstan’s leading airline group, Air Astana, has successfully completed its first year as a publicly traded company, achieving a 12.4% increase in revenue, 14.9% rise in operating profit, and a passenger surge to nine million—an 11.2% jump from 2023.
The Air Astana Group, which includes full-service carrier Air Astana and low-cost airline FlyArystan, has met all key operational and financial targets since its 2024 Initial Public Offering (IPO). Despite global industry challenges, capacity constraints, and Pratt & Whitney GTF engine durability issues, the group strategically managed fleet expansion and operational efficiency.
CEO Peter Foster emphasized the group's commitment to fleet optimization and expanding market reach:
With a fleet dominated by Airbus A320neo family aircraft, Air Astana faced engine supply constraints due to Pratt & Whitney GTF powerplant issues. To mitigate disruptions, the airline:
While new engines are arriving fault-free, Air Astana anticipates ongoing fleet management challenges and has projected an 18-month engine off-wing time for replacements.
In 2025, eight new routes are planned, including:
Air Astana is enhancing global partnerships, securing a Memorandum of Understanding (MoU) with China Southern Airlines for codeshares across China, Kazakhstan, Central Asia, and East Asia. The airline has also expanded its codeshare and interline agreements:
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