• KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 58

German Investors Plan to Build Airport in Khorgos

Investors from Germany intend to start construction of a cargo/passenger airport at the Khorgos China-Kazakhstan gateway. The project will help increase the volume of cargo transportation between Kazakhstan and China, Zakon.kz reports. In recent years, the Zhetysu region has begun realizing its economic potential through the implementation of major logistics projects. "The Hansa Consortium, a German company, is working on investing in a new airport on the territory of the special economic zone Khorgos - Eastern Gate," said Bakytnur Bakytuly, head of the Entrepreneurship and Industrial-Innovative Development of the Zhetysu region. The akimat (local administration) of Zhetysu region and the Hansa Consortium have already signed a memorandum for the project. The special economic zone (SEZ) already has the Altynkol freight railway station and a "dry port" logistics complex, the KTZE-Khorgos Gateway. A feasibility study has been completed for the new international airport in Khorgos, which cost the state $195 million. According to the project, the estimated cargo capacity of the airport will be 377 tons per day, and the construction of this facility will provide the region with an additional 450 permanent jobs. Galymzhan Daribayev, head of the Department of Transport and Roads of the Zhetysu region, said that construction of a second railroad track on a section of the Moyinty-Dostyk route towards the Chinese border is ongoing. According to him, the project will include modernization of railway sections Connector 1 - Prezlovaya Station, a length of 167 kilometers, and Aktogai-Vostok Station - Dostyk Station, a length of 275 kilometers. The volume of investment for this project is $654 million and should be completed in November 2024. The Zhetysu region already has two airports that operate civilian passenger flights, one in the regional center, Taldykorgan, which most often connects with Astana, and the second in Usharal, which has a population of about 80,000 people. The runway of this airport can accommodate large aircraft, which plays a very important role in increasing the flow of tourists to the region. Usharal is located 40 kilometers from one of the most popular domestic tourist spots in Kazakhstan - Lake Alakol, the waters of which are said to have therapeutic effect. As part of a development program set forth in 2022, the runway at Usharal was reconstructed and now receives seasonal flights on the routes Almaty-Usharal-Almaty, Astana-Usharal-Astana, as well as the year-round route Taldykorgan-Usharal-Taldykorgan.

Air Asia, Malaysia Airlines to Receive Fifth Degree Air Freedom in Kazakhstan

Negotiations between the chairman of Kazakhstan's Civil Aviation Committee, Saltanat Tompieva, and the director general of the Civil Aviation Authority of Malaysia (CAAM), Norazman Bin Mahmud, took place in In Kuala Lumpur, and were also attended by the heads of flagship carrier Malaysia Airlines and low-cost airline Air Asia X, alongside employees of the Aviation Administration of Kazakhstan and representatives of the Embassy of Kazakhstan in Malaysia. During the talks, the Kazakh delegation declared its readiness for further cooperation with Malaysia, and is also prepared to expand the geography of flights for Air Asia X and Malaysia Airlines to the cities of Kazakhstan. Also under consideration is the option of granting Malaysia the International Civil Aviation Organization (ICAO) fifth degree of Freedom of Air. This means that Kazakhstan will allow Malaysian airlines to perform  inbound flights originating in a third country, stopping in Kazakhstan, provided that the final destination will be the airline's home country. The Kazakh delegation also visited Kuala Lumpur International Airport. Currently, the airport's passenger traffic amounts to more than 60 million passengers a year, receiving flights from more than 60 world airlines. The first direct flight between Almaty and Kuala Lumpur is expected to be launched this month.

Air Astana Preparing for IPO

Air Astana has officially confirmed its participation in the listing of securities on the London Stock Exchange, the IFCA Stock Exchange (AIX), and the Kazakhstan Stock Exchange (KASE). This was first announced at a briefing on January 19th, which was attended by Dastan Adikhodzhaev, the director of privatization and restructuring of assets of Samruk Kazyna JSC, and Peter Foster, the president of Air Astana JSC. Adikhodzhaev noted that this decision was taken to support the instructions of the President of Kazakhstan, and to maintain a comprehensive plan for privatization for 2021-2025. "Privatization of part of state blocks, especially by bringing our largest companies to IPO, SPO is an important part. Tasks are being solved progressively, and in recent years we have made significant progress in this direction," said Adikhodzhaev. At the upcoming IPO it is planned to sell common shares in the national currency, as well as global depositary receipts in U.S. dollars. For the realization of the local offering, the company has attracted Halyk Finance JSC as joint bookrunner, Freedom Finance Global PLC as lead manager, as well as BCC Invest JSC, SkyBridge Invest JSC and Jusan Invest JSC as co-managers. The IPO is scheduled to begin on January 29th. "On behalf of the Company, I am pleased to officially confirm our intention to take Air Astana Group public,"President and CEO of Air Astana, Peter Foster commented. "As the largest airline group in Central Asia and the Caucasus, we believe that our industry status, market position and growth profile represent an attractive investment opportunity. This is an important milestone in our long-term strategy and we look forward to welcoming new Kazakhstani and international investors as shareholders of the group. The Company intends to raise an additional $120 million." According to the Skytrax World Airline Awards, Air Astana was the Best Airline in Central Asia and the CIS in 2023, the eleventh time the company has won this title. Air Astana also has a five-star rating in the category of the largest airlines by APEX (Airline Passenger Experience Association).

Kazakhstan: Plane with 100 people on board crashes, at least 12 killed

ALMATY, Kazakhstan (TCA) — A Kazakhstan-based Bek Air plane with 95 passengers and five crew on board crashed early on December 27 after takeoff near the Almaty airport, RFE/RL reports. Continue reading

Turkmenistan’s airline company resumes flights to UK, Germany

ASHGABAT (TCA) — Turkmenistan's flag carrier resumes regular passenger flights to Europe. Flights to Birmingham (UK) and Frankfurt (Germany) have been included in the timetable of Turkmenistan Air Company. Regular flights (once a week) are starting this week, state-run Newspaper Golden Age reported. Continue reading

Turkmenistan Airlines reauthorized to resume EU operations

ASHGABAT (TCA) — As a result of the joint project with Lufthansa Consulting since February this year, Turkmenistan Airlines, Turkmenistan's flag carrier, has confirmed compliance with technical requirements related to air operations of Third Country Operators in the European Union (EU). After the on-site audit by the European Aviation Safety Agency (EASA) in Ashgabat at the end of September, the Agency reauthorized the airline as Third Country Operator on 11 October 2019, Lufthansa Consulting GmbH said in a press release on October 16. The Turkmen carrier has been committed to raising its performance and took immediate action following the difficulties in satisfying relevant requirements in context with the EU Safety Authorizations for foreign air operators at the beginning of this year. The project started with an assessment of the situation and the development of the recovery plan. In the course of the assignment experts of Lufthansa Consulting and a dedicated team from Turkmenistan Airlines specialized in quality, safety, flight operations and maintenance worked together on both the management system changes and the practical implementation. The team from Turkmenistan Airlines, supported by the management, demonstrated high flexibility during the implementation and commitment to change, Lufthansa Consulting said. Turkmenistan Airlines is the flag carrier of Turkmenistan with headquarters in the country's capital Ashgabat. The airline operates domestic and international passenger and cargo services mainly from its hub at Ashgabat International Airport. The airline transports more than 5,000 passengers daily within the country and nearly three million passengers annually on the international and domestic routes. The fleet consists of modern Western aircraft (such as Boeing 737, 757, 777) and a cargo fleet of IL 76.

Start typing to see posts you are looking for.