Air Astana was incorporated in late 2001 and its maiden flight was on the 15th May 2002. The inaugural was attended by President Nursultan Nazarbayev and Sir Richard Evans, representing the two shareholders, the Government of the Republic of Kazakhstan and BAE Systems PLC of the UK. These shareholders remain committed partners in the airline, with the Government holding a 51 percent share through its Samruk-Kazyna National Welfare Fund, and BAE Systems PLC holding 49 percent.