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2002

December

On December 11 in the “Russian Organization of High Social Efficiency” competition Aeroflot was awarded the Diploma “For achievements in organizing additional provision of pensions” and the third-degree diploma in the “Remuneration of labour and social payments” category.

Aeroflot worked out a new service concept under the slogan “Russian hospitality by sincere people with the best traditions and a modern way of life”.

In December Aeroflot held a competition for the design of a new uniform for the Company’s personnel.

On Aeroflot’s proposal, the IATA Board of Governors decided to hold its Annual General Conference in 2004 in Moscow. Aeroflot attended the meeting.

On December 23 the Board of Directors considered the Company’s operating results for the first nine months of 2002. The Company’s strengthening on the international and domestic markets was highlighted as a very important result of its operating activity.

On December 24 Aeroflot introduced new service technologies on the Moscow-New York-Washington-Moscow route under the concept “Russian hospitality by sincere people with the best traditions and a modern way of life”.

On December 27 Aeroflot Russian Airlines held an extraordinary shareholders meeting by absentee voting. There was one issue in the agenda: the approval of a major deal on the restructuring of the Company’s fleet of foreign aircraft. The contract was approved with a 99.84% majority.

On December 27 Standard & Poor’s Corporate Management Rating Service raised Aeroflot’s corporate management rating from CMR-4.6 to CMR-5.2.

November

On November 4 Aeroflot held a conference at its Aircraft Personnel Training Centre on targets for flight safety and efficient aircraft use.

On November 26 the Board of Directors considered the project to restructure the fleet of foreign aircraft operated by Aeroflot.

On November 27, at the “Fifth Competition of Annual Reports”, Aeroflot’s corporate site www.aeroflot.ru won second place in the “Best Design and Navigation” category.

October

On October 1 Aeroflot and Air France commenced six joint daily flights between Paris and Moscow, instead of the previous three daily flights made separately.

On October 8 the Board of Directors reviewed the Company’s operating results in the first half of 2002. The Production Plan was exceeded by all indicators: passenger turnover increased by 271.2 million passenger-kilometres, freight turnover increased by 30.3 million ton-kilometres, the passenger load factor to 66.6%, the percentage of enplaned traffic increased to 54.3%; 2.493 million passengers and 47.4 thousand tons of post and freight were carried, exceeding all the planning indicators. The company’s revenue was 20593.9 million rubles. Net income amounted to 1454.9 million rubles, double the figure in the first half of 2001 (712.5 million rubles).

On October 8 Company Weekly awarded Valery Okulov, Aeroflot’s Director General, the “Manager of Russia 2002” prize.

On October 17 the Company summed up its operating results for September and the first nine months of 2002. In September Aeroflot carried 524,500 passengers and flew 1.633 billion passenger-km; for the nine months of 2002 the figures were 4.234 million passengers and 13.551 billion passenger-km. 10,300 tons of post and freight were carried in September, providing a year-to-date figure of 77,000 tons.

On October 24, according to the results of the “Company of the Year” competition, Aeroflot Russian Airlines was recognized as the best Russian company in the field of mass demand services.

From October 27, 2002, to March 29, 2003, Aeroflot operated its winter schedule. That winter, the company retained its most popular flights to America, South-Eastern Asia and Europe. There were more flights to Frankfurt am Main, Berlin, Munich, Saint-Petersburg, Samara, Krasnodar, Novosibirsk, Khabarovsk and Petropavlovsk-Kamchatski. On some Russian routes (Sochi, Simferopol, Anapa) more compact planes were introduced, and for flights to Novosibirsk, Khabarovsk and Petropavlovsk-Kamchatski the more capacious planes Il-96-300, À310 and Boeing 737 were used.

September

On September 14 an extraordinary shareholders meetings voted against the premature termination of authorities granted to the Company Board of Directors, elected on May 25, 2002.

On September 16 Aeroflot paid out 98.980 million rubles on the first coupon of its second bond issue.

August

On August 1 it was five years since the start of regular flights to Vladivostok.

On August 6 regular flights by Tu-154Ì began on the Moscow-Norilsk-Moscow route.

On August 15 Aeroflot received a Quality Certificate, confirming that Aeroflot’s Quality Management System complied with the international standard ISO 9001-2000.

On August 16 the Board of Directors considered the main agenda of the next extraordinary shareholders meeting on September 14, 2002.

Aeroflot and Sberbank of Russia issued the VISA Aeroflot international bank card.

July

On July 1 the Board of Directors took the decision to hold an extraordinary shareholders meeting on September 14, 2002.

On July 11 the Moscow Government, Aeroflot and Sheremetyevo Airport discussed the project to develop Moscow’s transportation system to Sheremetyevo Airport.

On July 15 the Board of Directors confirmed the Company’s Development Plan and approved the Air Fleet Restructuring Programme for 27 foreign aircraft operated by the Company.

The Junior Programme was launched for the Company’s young passengers.

On July 23 a Code-Sharing Agreement with Air France was signed.

The operating results for 2001 were published. According to international accounting standards (IAS), the Company’s net income amounted to $20.1 million against $8.6 million in 2000.

The operating results for the first half of 2002 were published. Aeroflot carried 2.493 million passengers and 47,700 tons of post and freight over the period.

June

On June 6 Aeroflot introduced a new menu for young passengers.

On June 17 Aeroflot celebrated the 5th anniversary since flights began from Moscow to Dnepropetrovsk.

On June 19 Aeroflot changed its schedule for flights to France, Greece and Spain due to strikes by European airlines.

On June 17 Sergei Frank, Russia’s Minister of Transport, was elected Chairman of the Aeroflot Board of Directors, and Valery Okulov was elected Director General.

On June 21 Aeroflot received a new five-year Russian Customs Carrier Licence.

On June 24 an agreement was signed with Russia’s Ministry of Education on free flights for gold and silver medalists from regions in Russia’s Far East planning to enter university in Moscow.

On June 26-28 Aeroflot flew 15 representatives of a European Union and European Commission delegation from Moscow to Astrakhan and back as part of an official visit

Over the summer period Aeroflot introduced through rates for flights from 21 points in Russia to cities of Europe.

May

On May 9-31 Aeroflot carried more than 3,540 Great Patriotic War veterans free of charge.

On May 21 Aeroflot and ZAO “Bank Russky Standart” issued the new Aeroflot MasterCard.

On May 25 Aeroflot Russian Airlines held a shareholders meeting.

April

On April 3 a Code-Sharing Agreement with MALEV Airline Company was signed.

On April 17 it was 35 years since regular air communications between Moscow and Tokyo were established.

On April 22 Valery Okulov, Aeroflot’s Director General, celebrated his 50th birthday.

On April 26 Aeroflot increased the number of flights on tourist routes.

March

March 31 Aeroflot introduced its summer flight schedule.

February

On February 9 Aeroflot celebrated Civil Aviation Day, the 79th anniversary of the Company’s professional holiday .

January

Aeroflot was the leading Russian airline in terms of the number of flights made and passengers carried over the New Year holidays from December 29, 2001, to January 7, 2002. 108,853 passengers used the Company services over this period.

A new federal anti-smoking law was passed, assisting Aeroflot’s measures to protect passengers from passive smoking.

On January 18 it was three years since flights commenced to Nizhnevartovsk. Over this period 130,000 passengers and 1.650 tons of post and freight were transported along the Moscow-Nizhnevartovsk-Moscow route.

On January 24 the Company’s Board of Directors considered and approved a programme to ensure a high level of safety on all Aeroflot flights .

On January 29 a working meeting of representatives of the State Civil Aviation Service, Sheremetyevo International Airport and Aeroflot-Russian Airlines was held on issues of cooperation in the area of technical flight support and drafting a set of international service standards at airports.

Special agreements were signed with British Midland Airways and Aer Lingus on serving common routes between Russia and Ireland.

On February 4 it was 30 years since regular flights commenced between Moscow and Frankfort-am-Main.