Negotiations with the investor regarding the acquisition of Qazaq Air have been successfully completed.

“As of today, negotiations regarding the terms of the deal for the sale of Qazaq Air's stake have been completed with the investor Sovico. On December 20 of this year, the terms were approved. We expect a positive decision from the board of directors of Samruk-Kazyna and the government regarding the deal by the end of the year,” reported Yelzhan Otynshev.

He reminded that a number of requirements are placed on the Vietnamese investor Sovico, including ensuring the repayment of a loan amounting to 38.4 billion tenge and the acquisition of 20 aircraft from Boeing or Airbus within five years.

“To meet these requirements, the investor is ready to provide a guarantee. We believe that these requirements will positively impact the development of the country's civil aviation and have a beneficial effect on related sectors such as logistics, tourism, trade, and the launch of additional flights,” noted the managing director for strategy and asset management.