Vietnamese conglomerate Sovico Group, a major shareholder and founder of VietJetAir (VJ, Hanoi Noi Bai International), is set to take control of Qazaq Air (IQ, Astana Nursultan Nazarbayev), a statement issued following a meeting between Kazakh President Kassym-Jomart Tokayev and the head of Sovico Group, Nguyen Thanh Hung, said.

The statement said a binding agreement on principles had been signed between the Kazakh sovereign wealth fund, Samruk-Kazyna JSC, and Aviation Holdings Company (part of Sovico Group) regarding the…

Source: ch aviation
Read more: Qazaq Air set to be sold to Viet Nam's Sovico Group