Tag: ownership

Kazakhstan Bans Foreign Ownership of Country’s Airlines

Reading Time: 1 minute The parliament of Kazakhstan has approved legislative amendments banning foreigners from holding more than 49% ownership of the country’s airlines, Kazakhstan Today newswire reports. The amendments are being introduced as part of preparing flag carrier Air Astana for privatization. Currently, 49% of the airline is owned by British company BAE Systems, with the remaining 51% […]