Kazakhstan-based Air Astana (KC) plans to launch an initial public offering (IPO) in 2013 to raise funds.
Air Astana 787-8. Courtesy, KC Kazakhstan-based Air Astana (KC) plans to launch an initial public offering (IPO) in 2013 to raise funds. According to KC CEO Peter Foster, the IPO may take place in next year’s third quarter. Foster said it is not reasonable to sell fewer than 15%-20% of shares. KC is a joint venture between Kazakhstan’s national wealth fund Samruk Kazyna and BAE Systems, which hold 51% and 49% shares, respectively. The carrier’s IPO will be a part ...
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