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Company News

07 March 2017

FITCH AFFIRMS PJSC AEROFLOT AT ‘B+’ WITH STABLE OUTLOOK

Moscow, 7 March 2017 — Fitch Ratings has affirmed PJSC Aeroflot Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+', Outlook Stable.

Fitch’s rating affirmation reflects the improvement in Aeroflot’s credit metrics and agency’s expectations that the company will maintain a robust financial profile over forecast period. The rating incorporates the Company’s strong Russian market position and its ability to adapt to challenging market conditions. The Group has continued to outperform the Russian air transportation market. Aeroflot's business profile is supported by the Company's fairly diversified route network, favourable hub position and competitive cost structure.

Aeroflot  is Russia’s flagship carrier, a proud member of the SkyTeam global airline alliance. Aeroflot and its partners serve 1,062 destinations in 177 countries worldwide. In 2016, Aeroflot carried 29 million passengers (43.4 million passengers as Aeroflot Group including subsidiaries).

In 2016 Aeroflot became the first Russian airline to be awarded Four Star Airline status by Skytrax in recognition of the high-quality of its customer service, and was also named Best Airline in Eastern Europe for the fifth time at the Skytrax World Airline Awards.   

Aeroflot operates one of the youngest fleets in the world with 190 aircraft. Aeroflot is based in Moscow, in Sheremetyevo International Airport.

Aeroflot is among the global leaders in aviation safety, with a European Community Safety Assessment of Foreign Aircraft (SAFA) Index, the main globally recognized safety parameter, comparable to global peers.

The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the sixth time in 2015, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant.