AIR ASTANA ANNOUNCES RECORD PRE-TAX PROFITS

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By TESTCustomwebLP TESTCustomwebLP January 25, 2011 15:14

AIR ASTANA ANNOUNCES RECORD PRE-TAX PROFITS

Air Astana, Kazakhstan’s flag carrier, has announced a record pre-tax profit of $96.4 million in 2010, up 59% on 2009, on the back of $656 million in sales. Total capacity increased by 8% and the number of passengers carried increased by 13% to 2.57 million.

New routes were added to St Petersburg and Yekaterinburg in Russia, Dushanbe in Tajikistan and Tashkent in Uzbekistan. The airline now operates a large network of routes within Kazakhstan, Central Asia and South East Russia to compliment its growing intercontinental network. Flights to Frankfurt, Istanbul, Bangkok, Kuala Lumpur, Beijing and Urumchi were all increased during 2010.

The airline was placed in the top three in the Skytrax category of Best Airlines in Eastern Europe, and installed lie-flat sleeper seats and the KCTV personal entertainment system in Business Class on aircraft operating long-haul routes.

“It is hard to imagine how trading conditions could have been better in 2010”, stated Air Astana President Peter Foster, “with costs for much of the year at post-recession levels but with substantially healthier markets from March onwards. We don’t expect conditions to be so benign in 2011. However we will continue to expand our Central Asian network with the introduction of the Embraer 190s in April. We expect to further consolidate our position as the region’s leader in terms of network and service.”

Air Astana is a joint venture between Kazakhstan’s sovereign wealth fund Samruk-Kazyna (51%) and BAE Systems PLC (49%). It operates 22 aircraft on 24 domestic and 27 international routes.

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By TESTCustomwebLP TESTCustomwebLP January 25, 2011 15:14
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