
Qazaq Air becomes Vietjet Qazaqstan – New airline brand created through strategic acquisition
Kazakhstani airline Qazaq Air and Vietnamese airline VietJetAir will merge under a new brand called Vietjet Qazaqstan, replacing the current Qazaq Air brand. This move follows the acquisition of a 51 percent stake in the previously majority-owned Qazaq Air by a consortium called Central Asia Aviation Holdings Limited at the end of 2024. The consortium is a subsidiary of the Vietnamese conglomerate Sovico Group JSC and Kazasia Holdings Limited. Sovico is the founder of VietJetAir and remains a significant shareholder in the airline. Nurlan Zhakupov, Chairman of Kazakhstan's sovereign wealth fund Samruk Kazyna, welcomed this move: "We highly appreciate the intention of the Sovico Group and VietJetAir to participate in the management and operations of Qazaq Air under the new Vietjet Qazaqstan brand. Expanding the route network in the region will improve transport connectivity and create new economic growth points." Samruk Kazyna previously held sole ownership of Qazaq Air on behalf of the Kazakh government. The purchase price for the 51 percent stake was not disclosed by either party, although the government had previously expected revenues of approximately 3,9 billion tenge (approximately 6 million USD). A statement from VietJetAir dated May 2025, 737, stated: "As a new generation low-cost airline, Vietjet Qazaqstan is expected to be a strategic air bridge connecting Kazakhstan with Vietnam, Southeast Asia, and global aviation hubs. The airline will serve the growing travel demand in Kazakhstan while boosting cross-border tourism, trade, and logistics across Asia." Fleet of Boeing XNUMXs and support from Boeing, Vietjet Qazaqstan will be a




