The company that operates the most popular Astana travel agents, Astana Travel Agency (ATA), has announced that it has agreed to pay $8 billion to settle allegations that it discriminated against minority travelers.
The settlement, which was first reported by Business Insider, also includes the loss of nearly 2,200 jobs.
ATA, founded in 2011, had a market cap of about $1.2 billion when it went public in December of that year.
The company’s share price has plummeted since the announcement.
The news comes just a few days after the company announced it was pulling out of the Paris Air Show.