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Company News

07 December 2017

Aeroflot announces results of Board of Directors meeting

7 December 2017, Moscow. – PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of the Board of Directors meeting held on 6 December 2017. The meeting was chaired by Mikhail Poluboyarinov.

The meeting agenda included the following items:

 Implementation of the strategy of Aeroflot Group

Aeroflot Group adjusted the performance indicators of its 2018-2022 strategy to account for changing macro-economic indicators and current conditions in the aviation market. Performance against the Group's key indicators confirmed the effectiveness of the Group’s multi-brand development model. Aeroflot Group continues to develop effectively, despite the temporary infrastructure restrictions at its hub in Sheremetyevo airport. Once these restrictions are removed, the growth rate will be adjusted accordingly. There are plans to increase the number of aircraft in the Group’s fleet to 409 by 2022. Aeroflot Group will continue to introduce new technology and practices that will influence the development of the global aviation industry.

Implementation of the marketing strategy of Aeroflot Group

Aeroflot Group will hold a range of activities as part of its marketing strategy for the 2017-2021 period. They help the Group to maintain its leading position in the Russia and CIS macro-market, as well as expand its presence in key global markets. The Group pays particular attention to improving service on-board and at the airport, and to developing additional goods and services. Our confirmed 4-Star Skytrax Rating and an increase in our 2017 NPS Customer Loyalty Index to 72.5% are results that confirm the success of our marketing initiatives.

Aeroflot Group’s 2018 IFRS consolidated budget

Aeroflot Group's operating plan for 2018, PJSC Aeroflot’s budget and the 2018 IFRS consolidated budget of the Group, as well as the 2018 investment programs for PJSC Aeroflot and the Group, were all approved. Growth is expected across all main performance indicators. Aeroflot Group’s passenger traffic is expected to grow by 11.8% in 2018, to the intended 2017 level. By the end of 2018 there will be 361 aircraft in the Group’s fleet.

Aeroflot Group’s 2018 sponsorship programme

Sponsorships for the Russian sports clubs CSKA FC and CSKA basketball club have been approved for the 2018/2019 season. The decision was based on the fact that Aeroflot’s cooperation with PFC CSKA and PBC CSKA has been successful thus far.

The Board of Directors adopted the policy concerning the Internal Audit Department with a number of significant changes, and approved the Department’s 2018 work plan

A number of transactions between PJSC Aeroflot and its subsidiaries were approved, including code-sharing transactions with Aurora Airlines and transactions regarding the mutual transfer of passengers in case of failures (with Rossiya Airlines and Pobeda Airlines).

About Aeroflot

Aeroflot is Russia’s flagship carrier and a proud member of the SkyTeam global airline alliance. Aeroflot and its partners serve 1,074 destinations in 177 countries worldwide. In 2016, Aeroflot carried 29 million passengers (43.4 million passengers as Aeroflot Group including subsidiaries).

Aeroflot became the first Russian airline to be awarded Four Star Airline status by Skytrax in recognition of the high-quality of its customer service. In 2017, Aeroflot was named Best Airline in Eastern Europe for the sixth time at the Skytrax World Airline Awards.

In 2017, Aeroflot was named the most powerful brand in Russia and the world’s strongest airline brand by leading valuation and strategy consultancy Brand Finance. Aeroflot was also named Best Major Airline in Europe by TripAdvisor travellers and recognised as the Favourite International Airline in China at the Flyer Award Ceremony 2017.

Aeroflot operates one of the youngest fleets in the world with 220 aircraft. Aeroflot is based in Moscow, at Sheremetyevo International Airport.

Aeroflot is among the global leaders in aviation safety, with a European Community Safety Assessment of Foreign Aircraft (SAFA) Index, the main globally recognized safety parameter, comparable to global peers.

The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the seventh time in 2017, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2015, ISO 14001:2004 compliant.

Find out more at http://www.aeroflot.com/