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Company News

16 December 2005

OJSC Aeroflot Board Meeting

On December 15, OJSC "Aeroflot-Russian Airlines" board of directors discussed "Results of actions on improving quality of Aeroflot passenger service"

The main parameters of project "Plan of production, commercial and financial activity, as well as OJSC Aeroflot budget for 2006" were considered as well. It was decided to finalize considering this issue on the extraordinary board meeting before the yearend taking into account submitted proposals.

Results of competition, devoted to selection of regional class jets, were presented to the Aeroflot board of directors. Regional jet of RRJ family (Russian Regional Jet) was announced a winner. Executive board of the company was authorized to prepare documents, necessary for corporate approval of the deal on acquisition of RRJ jets by Aeroflot on the conditions of operational and financial leasing in compliance with the procedure, specified in the Federal law "On joint-stock companies" and Aeroflot’s articles of association.

OJSC "Aeroflot-Russian Airlines" (RTS: AFTL) is the largest Russian airline with 51% state share. It was established in 1923. It controls about 11 per cent of domestic and 39 per cent of international air carriages’ market in Russia. Aeroflot’s net income amounted to RUR 6330.1m (USD219m). It is included in the list of the 25 leading world airlines based on the financial performance (according to ATW). In 2004 Aeroflot carried 6.862m passengers. The aircraft fleet consists of 90 airplanes. Aeroflot is based in Moscow, Sheremetyevo airport. The company targets to finish construction of its own terminal "Sheremetyevo-3" by the end of 2007. Please look for the detailed information about the company at www.aeroflot.ru, www.aeroflotbonus.ru.