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Company News

10 April 2007

Aerforlot Present A Plan Of “Dal’avia” Restructuring

During the visit to Khabarovsk Valeriy Okulov, General Director of JSC “Aeroflot”, met Viktor Ishayev, governor of Khabarovsk region, other authorities of the Far Eastern region, representatives of federal institutions and presented a business plan of the airline company “Dal’avia” restructuring. The project will be realized within the frameworks of a complex program of consolidation of airline companies of the Far Eastern region under the auspices of Aeroflot.

The first stage of the project of “Dal’avia” restructuring stipulates turnaround and implementation of measures for financial recovery including optimization of the route network, cost reduction, withdrawal of non-core assets. At the next stage a complex of stabilizing activities will be realized that stipulate achievement of stable production and financial figures, beginning of fleet renovation, preparation for regional hub establishment. The third stage stipulates realization of the hub concept as a constituent part of the project of a Far Eastern airline company establishment.

According to Valeriy Okulov the proposed plan of “Dal’avia” restructuring will allow in the medium term to ensure stable breakeven result and to improve social situation. “Realization of the project will allow getting a synergy effect at the expense of additional transfer passenger flows”, - said General Director of JSC “Aeroflot”.

With state support JSC “Aeroflot” is actively working over consolidation of airline enterprises of the Far Eastern region. In the nearest future other air carriers of the region are planned to be attracted to participate in this project. As a result of uniting experience and resources of JSC “Aeroflot” and potential of the consolidated enterprises there should appear a company that will not only be a serious player in the Russian and international market but will also actively participate in national policy in respect of air carriages due to its enter the “Aeroflot” group.

The airline enterprise “Dal’avia” is the largest carrier of Khabarovsk region. Its main business is regular passenger carriages and airport activities. Its share of the carried passengers and cargoes in the region makes 90%.

JSC “Aeroflot – Russian Airlines” (AFLT) is a certain leader of civil aviation in Russia, actually a national carrier. Being the largest domestic airline company it transports over 7 mln. of people annually and together with its subsidiaries – about 9 mln., i.e. 23% of the total amount of Russian air passengers. With a fleet of 90 air crafts it flies to 93 destinations in 47 countries (302 flights a day). The company controls 51% of the Russian market of regular international flights and about 12% of domestic flights. Net profit in 2006 made 7,3 bln. rubles.

Aeroflot is one of the oldest airline companies and one of the most known commercial brands in the world. The company was founded in 1923; it is based in Moscow in the international Sheremetyevo airport. In 2006 Aeroflot became the first Russian airline company to enter the global alliance SkyTeam. Joint route network of the alliance includes 728 destinations in 149 countries that gives Aeroflot passengers boundless opportunities of choice. Bonus programs of all alliance partners extend to Aeroflot clients. More information about SkyTeam benefits is available at www.skyteam.com.

Aeroflot is the only certified operator of international operational safety audit (IOSA) in Russia.

Tickets to Aeroflot flights with on-line payment, technology of e-ticket and more detailed information about the company are available at www.aeroflot.ru.