Why is this important
Such a step could be a turning point for Uzbekistan’s aviation industry: attracting capital, strengthening financial discipline and transparency, and enhancing the company’s and the country’s international reputation.
What do we know
- The partnership suggests that Oppenheimer will help Centrum Air structure the company for IPO or SPO, strengthen its capital base, and attract investors.
- Centrum Air CEO Abdulaziz Abdurahmanov noted that the goal is to accelerate the development of infrastructure and human capital.
- Today, the company’s fleet consists of 12 aircraft: 6 Airbus A320, 3 A321 and 3 A330‐300. The average age of the park is about 12 years.
- In September, the third wide-body A330-300 arrived, expanding the possibilities for long-distance routes.
- Oppenheimer is an experienced player in US capital markets, specializing in financial consulting, capital management, and investment banking services.
Context
In 2025, Uzbekistan Airways signed a contract with Boeing for the supply of 14 Dreamliners — the country’s airlines are currently undergoing active modernization. Entering the public market contributes to increased investor confidence, accountability requirements, and sustainable business growth. The UZ aviation sector is in the process of transformation: growing demand, interregional routes, and competition with international carriers.
