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

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BAE Systems halves stake in Kazakh carrier Air Astana

Published by Global Banking and Finance Review

Posted on December 16, 2025

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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)

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