Results of EGM

Air Astana Joint Stock Company (the "Company" and, together with its subsidiary FlyArystan, the "Group"), the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size, announces that the following resolutions were duly passed at its Extraordinary General Meeting held on 15 November 2024:

Air Astana Joint Stock Company (the "Company" and, together with its subsidiary FlyArystan, the "Group"), the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size, announces that the following resolutions were duly passed at its Extraordinary General Meeting held on 15 November 2024: 

1. To amend the major transaction earlier approved by the decision of the General Meeting of Shareholders of the Company dated October 13, 2023 (Minutes No188) and to enter into a major transaction (series of interrelated transactions), which is an interested party transaction by entering into an Assignment Agreement under the Fleet Management Programme of the Airbus A320neo family for the maintenance of PW1100G type engines between International Aero Engines, LLC (as the Service Provider), FlyArystan JSC (as a new party – the Assignee) and Air Astana JSC (as the Assignor) whereby Air Astana JSC and FlyArystan JSC accept joint liability, with no changes to the total amount and other terms of the transaction approved earlier.
2. To authorise the Chief Executive Officer of Air Astana JSC to take all necessary actions on behalf of Air Astana JSC to implement the above decision.

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About the Company

The Company is the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size. The Company operates a fleet of 57 aircraft split between Air Astana, its full-service airline that operated its inaugural flight in 2002, and FlyArystan, its low-cost airline established in 2019. The Company provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, regional and international routes across Central Asia, the Caucasus, the Far East, the Middle East, India and Europe. Air Astana was recognised by SkyTrax as the Best Airline in Central Asia & CIS twelve times and received the Best Airline Staff Service in Central Asia & CIS award eight times in a row. FlyArystan was recognized as the Best Low-Cost Carrier in Central Asia & CIS at the SkyTrax awards twice. Additionally, Air Astana was awarded a five-star rating in the major airline category by the Airline Passenger Experience Association (APEX). The Company is listed on the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange (ticker symbol: AIRA).