We expect that the process of company's IPO will pass at the same time in Kazakhstan and abroad. It will give an impulse for the development of the Kazakhstan financial market and will well affect capitalization of the airline," The President of Air Astana Peter Foster reported.

According to Mr. Foster, It's in a process of discussion the concrete parameters of placement, including about the size of the equity stake which will be offered investors.

"The size of a package will depend on demand, on a condition of the financial market at that moment, and also on financial opportunities of investors in an aviation branch of Kazakhstan," he told.

"The size of a package will be sufficient to interest large investors".

Besides, answering a question who from shareholders will act as the selling party of actions within IPO, he reported that, as expected, as a result of the placement of new actions shares of both present shareholders will "be washed away".

As reported earlier, the net profit of JSC Air Astana composed $47,4 million in 2015 and grew by 144% comparing with 2014. The traffic of passengers increased by 2% and amounted 3,8 million passengers. Last year, revenue of air company fell to 21%, in money volume, went down from $933 million to $738,1 million.

Air Astana is a joint venture company of Samruk-Kazyna, the National Fund of Kazakhstan, and BAE Systems, the shareholding of 51% and 49%.

Photo: tmc-agent.ru