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Company News

22 September 2004

IN AEROFLOT BOARD OF DIRECTORS

Aeroflot-Russian Airlines Board of Directors on its meeting on September 21, 2004 considered and approved the financial model and procedures of financing the construction of a new passenger terminal in Sheremetyevo Airport (Sheremetyevo-3 Airport Complex). The project is to be carried out together with Sheremetyevo International Airport Company in order to increase the airport capacity and in the interests of passengers.

Aeroflot–Russian Airlines (RTS: AFLT) is the largest Russian Company. The state owns 51 per cent of its stocks. It was established in 1923. It controls 11 per cent of home and 39 per cent of international market of air carriages of Russia. According to RAP net income amounted to 3 978 million rubles in 2003. In 2003 Aeroflot transported 5.9 million passengers. There are 92 airliners in its fleet. Its headquarter is located in Moscow in Sheremetyevo Airport. It is going to build its own terminal Sheremetyevo–3 by 2007. Apply for detailed information about the airline company on its web–sites www.aeroflot.ru, www.aeroflotbonus.ru.