Air Astana: Compensation Agreement with Pratt & Whitney

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, is pleased to announce that it has reached an agreement with Pratt & Whitney that provides compensation and other support for the impact to the Group’s operations arising from the GTF neo engine availability issues. The agreements that we have with Pratt & Whitney, including our long term maintenance contracts, will help address costs and will supplement the existing range of robust operational initiatives to address these issues in a sustainable manner.

The Group has also executed the purchase agreement for a sixth spare engine PW1100 with IAE. This engine, which is scheduled for delivery in April 2024, is aligned with the Group’s mitigation plan for engine issues.

In addition to the previously communicated fleet plan, FlyArystan has executed a lease agreement for two A320ceo aircraft, with deliveries in the first quarter of 2025.