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Company News

20 March 2009

Aeroflot and Gazprombank areement

PRESS RELEASE
GASPROMBANK AND AEROFLOT SIGN STRATEGIC COOPERATION AGREEMENT

March 20 2009, Moscow. – Andrey Akimov, Chairman of Management Board of Gasprombank JSC and Valery Okulov, CEO of Aeroflot JSC agreed to develop and implement a Strategic Cooperation Program.

At the Moscow meeting, it was decided to enhance the framework of the mutually advantageous long-term cooperation that Aeroflot and Gaspormbank had established in a number of areas.

Namely, the plan includes an expanded cooperation in air transport services. Gasprombank and the Gasprombank Group members are large-scale customers of complex services in the sphere. Besides, Gasprombank is going to offer participation to its corporate clients, major companies operating in different industry sectors.

The parties have also agreed to implement the joint project for issuing the international “Gasprombank – Aeroflot Bonus” bank cards. Holders of the co-brand cards will be provided with an opportunity to join the customer loyalty program. Bonus miles will be awarded to a customer each time they pay for purchases by the card. A holder having accumulated a certain number of miles can make a bonus flight with Aeroflot or use services of the companies participating in the program. The entirely new feature the project provides is an opportunity to access the information on the customer bonuses amount via Gasprombank’s ATM network.

“Aeroflot is the key company in the air transport industry, - Andrey Akimov said. – Today’s agreements will allow for a substantial extension of the longstanding cooperation between Gasprombank and Aeroflot.”

Aeroflot’s CEO Valery Okulov noted that cooperation between the leaders in the air transport and banking industries must provide a strong synergy effect, which will be vital for both partners especially in the light of the crisis.


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Aeroflot operates its own flights to 96 destinations in 48 countries. It accounts for over 45% of Russia’s scheduled international traffic. The company strives to enhance its share of domestic traffic, which now is 12.5% (with its subsidiaries, 17%).

Aeroflot is a member of SkyTeam, a global airline alliance. Aeroflot has given its customers an access to a route network covering 905 in 169 countries (more info is available on our website www.skyteam.com). Aeroflot operates code-sharing agreements with 28 foreign and Russian airline companies.

Gasprombank (Joint Stock Company) is one of Russia’s three biggest banks. It is Central and Eastern Europe’s third largest bank. Gasprombank’s investment level is rated by world’s leading international agencies.
Gasprombank’s multi-branched regional network consists of 39 branches and 5 subsidiaries and affiliated Russian banks. The company has shares in the capitals of two foreign banks – Belgasprombank (Belarus) and Areksimbamk (Armenia).