Tuesday, 18 Mar 2025

Air Astana Group Reports Strong Growth in First Year as Public Company, Expands Network and Fleet

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.


Air Astana Group Reports Strong Growth in First Year as Public Company, Expands Network and Fleet
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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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