Air Astana Shares Slip as BAE Systems Bids Farewell -- Market Talk

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Air Astana Shares Slip as BAE Systems Bids Farewell -- Market Talk

Dow Jones03-19 17:11

0911 GMT - Shares in Air Astana lose ground after cofounder BAE Systems sold off its remaining stake in the Kazakh airline at a discount. The U.K. aerospace-and-defense group on Wednesday listed for sale its remaining roughly 6.9% stake in Air Astana at a price of $5.10 per global depositary receipt, a discount to the previous day's closing price of $6.02. BAE Systems cofounded the airline alongside the Kazakh wealth fund at the start of the century, taking it public in 2024 before selling off its stake in a series of disposals. Shares in Air Astana lose 7% to $5.60. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

March 19, 2026 05:11 ET (09:11 GMT)

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