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Company News

12 May 2005

Aeroflot and Alitalia have signed a code-sharing agreement

Today the General Director of OJSC Aeroflot - Russian Airlines, Valery Okulov, and the President of the airline company Alitalia, Giancarlo Cimoli, signed a code-sharing agreement on the joint operation of the Moscow – Milan flights.

This agreement will become effective on the 1st of June, 2005.

The companies will be conducting 4 joint flights a week from Moscow to Milan and 3 joint flights a week from Milan to Moscow. Aeroflot is planning to make the flights on the А319 and А321 planes and Alitalia on А320. According to the agreement, each airline company will provide a share bloc of seats which will make up 125 seats in economy class and 16 seats in business class each week. In the future, the companies plan to freely sell tickets for the flights of both companies.

This agreement will allow Aeroflot to increase its presence on the market of air carrying between Russia and Italy, to use the flights of the partner company more effectively by offering additional services to the passengers.

This agreement with Alitalia is another step made by Aeroflot on its way to joining the international SkyTeam Airline Alliance.

Aeroflot already has code-sharing agreements with 23 airline companies including Estonian Air, CSA, LOT, MALEV, Air France, Austrian Airlines, Cathay Pacific, etc.

OJSC Aeroflot - Russian Airlines (РТС: AFLT) – the largest airline company in Russia. The Russian Federation owns 51% of its stocks. It was founded in 1923. It controls around 11% of the domestic market and 39% of the international market in Russia. In 2004 its revenues are expected to reach 5,171.50 million rubles (181.95 million dollars). It is included in the list of 25 leading airline companies of the world with regards to financial results. In 2004 Aeroflot carried 6,862 million passengers. There are 90 aircrafts in its fleet. Its Headquarters are located in Moscow in the Sheremetyevo Airport. It is going to build its own terminal, Sheremetyevo–3, by 2007. For more information on the airline company, please visit the web site www.aeroflot.ru.

Alitalia is the largest airline company in Italy. It was founded in 1947. Its revenues are around 5 million euros. Alitalia carries 22 million passengers a year. There are 180 aircrafts in its fleet. The company has 22,000 employees in Italy and abroad. Since 2001 the company has been a member of the international SkyTeam Airline Alliance.

For more information on the airline company, please visit the web sites www.alitalia.com and http://corporate.alitalia.com/