Air Astana IPO to go ahead.

Air Astana Group, based in Almaty, has confirmed that it will proceed with an initial public offering (IPO) on the London and Kazakhstan stock exchanges. The IPO will involve the issuance of new shares and global depositary receipts, as well as the sale or conversion of stakes held by shareholders BAE Systems and Kazakhstan's sovereign wealth fund. Air Astana plans to use the IPO to accelerate its growth, expand its routes, and increase operational flexibility. The airline has shown strong financial performance, with revenue and profit growth in recent years, and has a fleet expansion plan in place. [Extracted from the article]