BAE Systems in line for windfall from Kazakhstan national airline flotation

Air Astana, which is 49% owned by the British defence firm, announces plans to float on London stock market

Kazakhstan’s national airline has announced plans to float on the London stock market, bringing a potential windfall to BAE Systems, which has been an investor for more than two decades.

Air Astana, which is 49% owned by the British defence company, hopes to list in London and Kazakhstan and raise $120m (£94m).