The Astana Times reports that the press service for the European Bank for Reconstruction and Development (EBRD) has invested $41.99 million into shares, thereby acquiring a minority stake of 5% in the partially privatised airline.
Air Astana’s President and Chief Executive Peter Foster commented, “The company was founded with just $17 million of capital, and there has been no capital increase since that time. Now in the public markets we’ve been able to raise $120 million.”