Low-cost airline swoop buys majority stake in FlyArystan
Kazakhstan's low-cost carrier FlyArystan is now controlled by budget airline giant Swoop
Swoop, a wholly-owned subsidiary of WestJet, has purchased a majority stake in the Central Asian carrier
WestJet, Canada's second-largest carrier, has announced that its ultra-low-cost subsidiary Swoop has acquired a majority stake in Kazakhstan's FlyArystan. The deal makes Swoop the first international airline to own a majority stake in a Kazakh airline.
FlyArystan is a low-cost carrier based in Almaty, Kazakhstan. It was founded in 2018 and operates a fleet of Airbus A320 family aircraft. The airline serves domestic destinations in Kazakhstan as well as international destinations in Russia, Ukraine, and Kyrgyzstan.
Swoop is a Canadian ultra-low-cost carrier based in Edmonton, Alberta. It was founded in 2018 and operates a fleet of Boeing 737-800 aircraft. The airline serves destinations in Canada, the United States, Mexico, and the Caribbean.
The acquisition of FlyArystan by Swoop is a significant development in the aviation industry. It marks the first time that a Canadian airline has acquired a majority stake in a foreign airline. The deal will also give Swoop a foothold in the Central Asian market, which is a growing region for air travel.
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