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    Home > Finance > BAE Systems halves stake in Kazakh carrier Air Astana
    Finance

    BAE Systems halves stake in Kazakh carrier Air Astana

    Published by Global Banking & Finance Review®

    Posted on December 16, 2025

    1 min read

    Last updated: January 20, 2026

    BAE Systems halves stake in Kazakh carrier Air Astana - Finance news and analysis from Global Banking & Finance Review
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    Tags:London Stock Exchangeequityinvestmentfinancial communitycorporate governance

    Quick Summary

    BAE Systems halves its stake in Air Astana, now holding about 8% of shares, while maintaining its position as the second-largest shareholder.

    BAE Systems Cuts Stake in Air Astana by Nearly Half

    Dec ‌16 (Reuters) - Britain's BAE Systems said ‍on ‌Tuesday it will cut its stake in ⁠Kazakh carrier ‌Air Astana by nearly half.

    The aircraft maker, which currently holds about 16.95% stake ⁠in Air Astana, is selling global depository receipts ​representing about 8% of the ‌company's outstanding common ⁠shares.

    BAE, whose main business is making fighter jets and submarines, invested ​less than $10 million in 2001 to help fund Air Astana's launch at a time when it was ​bidding ‍to sell ​a radar system to Kazakhstan.

    The company reduced its stake in Air Astana from 49% last year after it floated its dual IPO in London ⁠and Kazakhstan.

    Following the latest sale, BAE Systems is ​expected to maintain its position as the second-largest shareholder in Air Astana, according to LSEG data.

    (Reporting ‌by Unnamalai L in Bengaluru; Editing by Shailesh Kuber and Shinjini Ganguli)

    Key Takeaways

    • •BAE Systems reduces its stake in Air Astana by nearly half.
    • •The company now holds about 8% of Air Astana's shares.
    • •BAE initially invested less than $10 million in 2001.
    • •The reduction follows a dual IPO in London and Kazakhstan.
    • •BAE remains the second-largest shareholder in Air Astana.

    Frequently Asked Questions about BAE Systems halves stake in Kazakh carrier Air Astana

    1What is equity?

    Equity refers to the ownership value in an asset or company, representing the shareholders' stake in the business after all liabilities have been deducted.

    2What is a corporate governance?

    Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled, focusing on the relationships among stakeholders.

    3What is the London Stock Exchange?

    The London Stock Exchange is one of the world's oldest and largest stock exchanges, where shares of publicly traded companies are bought and sold.

    4What are global depository receipts?

    Global depository receipts (GDRs) are financial instruments that represent shares in a foreign company, allowing investors to trade them on local exchanges.

    5What is an IPO?

    An IPO, or initial public offering, is the process through which a private company offers its shares to the public for the first time to raise capital.

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