Samruk‑Kazyna sells 49% of Qazaq Air for 1.02bn tenge (~$2m), fund says

Kazakhstan's sovereign wealth fund Samruk‑Kazyna disclosed in its Q3 financial results that it sold a 49% stake in regional carrier Qazaq Air for 1.02 billion tenge (about $2 million), completing the divestment in the quarter ending Sept. 30. The transaction represents a partial privatization of the operator.

Discovered 2025-12-28T20:23:43.983648-08:00 | 2025-12-28T20:23:43.983648-08:00

Briefing

What Hype is tracking

Samruk‑Kazyna recorded the sale as a 49% stake for 1.02bn tenge (~$2m) in its Q3 results, a concrete valuation point for a regional operator in Kazakhstan.
The divestment is part of shifting ownership across Kazakh aviation assets, following moves such as BAE Systems' recent reduction of its Air Astana stake (see recent reporting on BAE Systems' stake sale).
This change comes as new domestic entrants expand services, including Kazakhstan's rail company launching an air cargo subsidiary, which may alter competitive and multimodal dynamics in the market (see coverage of the rail company air cargo launch).

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Airline Economics FlightGlobal ch-aviation