Kazakhstan's largest helicopter company to be sold to private investor

ASTANA. KAZINFORM - Euro-Asia Air is set to be sold to a private investor in early 2015, President of the company Askar Dzhanzharkenov announced Friday.

"According to the plan, the transaction will be completed in January 2015. The corresponding agreement with the new investor will have been signed by that time," A.Dzhanzharkenov said. The President of "Euro-Asia Air" also revealed that the company's revenue in 2013 totaled nearly 7,84 billion tenge, with net profit hitting the mark of 741 million tenge. Euro-Asia Air JSC, a subsidiary of National Company KazMunayGas JSC, is the largest helicopter company in Kazakhstan. 100% of shares will be sold through an open two-stage competition. According to Real Estate LLP, the market value of the company makes 19,7 billion tenge.