ASTANA, Kazakhstan, March 31. Suppliers of Air
Astana will become the first in Kazakhstan to gain access to a
reverse factoring mechanism supported by the European Bank for
Reconstruction and Development (EBRD), Trend reports via the company.
This will be implemented as part of a supply chain financing
program carried out by the EBRD in cooperation with Bank
CenterCredit.
The program is expected to primarily support local small and
medium-sized enterprises (SMEs) supplying goods and services to Air
Astana, including office supplies, catering, and technical
maintenance.
It will allow suppliers to receive early payment on invoices at
a discount, helping to improve their cash flow and reduce reliance
on traditional working capital financing instruments.
Last year, the airline launched its own tender portal aimed at
increasing transparency in the procurement of goods and
services.
Since 2023, Air Astana has also been holding an annual ESG
awards program for suppliers demonstrating the best performance in
environmental, social, and governance practices.
