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Company News

19 April 2012

Transfer of subsidiaries shares into direct disposal of JSC “AEROFLOT”

April 19, 2012 Moscow

On April 18, 2012 JSC “Aeroflot” received into direct disposal from JSC “Aeroflot-Finance” (subsidiary of JSC “Aeroflot”)shares of companies, integrated in Aeroflot Group in November 2011: JSC “Orenair”, JSC “SAT Airlines” and JSC “Rossiya Airlines”.

JSC “Aeroflot” received into direct disposal 100% shares of JSC “Orenair”, 100% shares of JSC “SAT Airlines”, 75% minus 1 share of JSC “Rossiya Airlines”.

Share transfer transaction was executed according to JSC “Aeroflot” Board of Directors decision adopted in February 2012 and is aimed at development of cooperation with airlines, which are members of Aeroflot Group in the course of Aeroflot Group integration.

Integration will allow Aeroflot Group to develop large-scale aviation holding, which will be able to compete with world leading carriers. Three large regional centers will be developed in South, North-West and Far East regions of Russia. Total traffic of the Group will expand nearly four-fold by 2025. This will allow Aeroflot Group to enterEurope’s top five airline list by passenger traffic and revenue and world’s top twenty global airline list.

Aeroflot - Russia’s leading air carrier, member of the global SkyTeam alliance with a consolidated route network covering 926 destinations in 173 countries. In 2011 Aeroflot carried more than 14 million passengers.

Aeroflot is one of the most fast-growing airlines in the world according to SkyTrax. Besides company got the prestigious international Sky Trax World Airline Awards as "The best Eastern European Airline".

Aeroflot is the one of the world top 25 airlines ranked by for financial and economic results according to Air Transport World magazine (“operating profit” and “net profit” category) in 2010.

Aeroflot is the first Russian carrier that has entered the IOSA Registry, and to have regularly confirmed the certificate. Aeroflot has successfully passed the ISAGO (IATA Safety Audit for Ground Operations) procedure. The Company’s Quality Management System is certified for compliance with ISO 9001:2008.

Aeroflot operates one of Europe’s youngest air fleet that consists of 120 aircraft. Aeroflot is located in Sheremetyevo International Airport, Moscow. Find more at www.aeroflot.ru.