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Company News

13 September 2010

Meeting of JSC ‘Aeroflot’ board of directors

September 13, 2010, Moscow — The Board of Directors of JSC ‘Aeroflot’ held today its regular meeting.

The Board considered the program of tourist journeys in winter 2010-2011 and the current state of and prospects for relations between ‘Aeroflot’ and the ‘Rostekhnologii’ state corporation.

The Board approved the proposal made by the Company’s management board to cease participation of JSC ‘Aeroflot’ in OJSC ‘’Moskva’ Insurance Company’ and sell 100% of shares of the insurance company to OJSC ‘Alfa Strakhovanie’. OJSC ‘’Moskva’ Insurance Company’ is Aeroflot’s full subsidiary and, being a non-core asset, requires significant investments. Based on this, it was decided to sell this subsidiary.

The Board also considered the report on the progress in fulfillment by JSC ‘Aeroflot’ and OJSC ‘MASh’ of the obligations stipulated by the Master agreement between the two companies and amendments and attachments to that agreement. The Master agreement between JSC ‘Aeroflot’ and OJSC ‘MASh’ aims at improving quality of services offered by Aeroflot at the base airport. It also stipulates enhancing security, boosting regularity of Aeroflot’s flights, and improving standards of serving passengers and handling baggage.

Aeroflot, a leader of Russia’s air fleet, is a member of SkyTeam, the global airline alliance. Aeroflot’s overall flight network comprises 898 locations in 169 countries. In 2009, 8.755 mln passengers used Aeroflot’s services and 11.1 mln used the services offered by the Aeroflot group.

Aeroflot was the winner in the contest between European members of SkyTeam in serving economy-class passengers in short- and medium-range flights and business-class passengers in long-range flights. «Onboard Survey,» the marketing survey conducted by SkyTeam from April to September 2009, confirmed Aeroflot’s leading positions.

vAeroflot belongs to 25 leading airlines of the world according to Air Transport World journal, based on the results of its financial and economic activities in 2009 («operating profit» and «profit margin» categories).

Aeroflot was the first Russian carrier to be included in the IOSA operator registry and it continues to confirm the certificate in a regular way. The airline has successfully passed the Safety audit for ground operations (ISAGO). Aeroflot is a holder of the unified certificate of compliance with the requirements of ISO 9001:2000.

Aeroflot operates one of the youngest air fleets in Europe that consists of 91 aircraft. Aeroflot’s hub is Sheremetyevo international airport in Moscow. For more details please visit www.aeroflot.ru.

Public Relations and Relations with Public Bodies Department