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Company News

29 October 2015

Aeroflot and Sberbank Leasing Sign Memorandum Of Intent For 14 Airplanes

MOSCOW, 29 October 2015. — Aeroflot (Moscow Exchange ticker: AFLT) and Sberbank Leasing have signed an agreement for the leasing of at least 14 airplanes, predominantly Boeing 737 NG. The memorandum of intent was signed by Aeroflot Deputy CEO for Finance and Network and Revenue Management Shamil Kurmashov and by Sberbank Leasing CEO Kirill Tsarev.

The agreement stipulates that Sberbank Leasing will provide the Boeing aircraft to Aeroflot and its subsidiaries under operating lease. These airplanes had originally been ordered for Transaero.

«Today’s agreement with Sberbank Leasing is the first step towards adding these aircraft, which were originally intended for Transaero, to the Aeroflot Group fleet. Part of Transaero’s fleet and routes will be transferred to us, together with half of the company’s employees — around 6,000 people. Additional operating capacity is needed, first and foremost, to provide these people with work. By doing this, Aeroflot will resolve one of the key social issues that the Russian Government assigned to us in connection with Transaero’s exit from the market,» said Shamil Kurmashov.

«We value our longstanding partnership with Aeroflot, which is Russia’s leading air transport company and a systemically-important part of the domestic economy. Our portfolio already covers the leasing of Sukhoi Superjet 100 aircraft. This contract for a new batch of airplanes confirms our commitment as a long-term player in the development of Russia’s aviation sector,» said Kirill Tsarev, the CEO of Sberbank Leasing.

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About Aeroflot

Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2014, Aeroflot carried 23.6 million passengers (34.7 million passengers as Aeroflot Group including subsidiaries), a record for any Russian airline. A proud member of the SkyTeam global airline alliance, Aeroflot and its partners serve 1,057 destinations in 179 countries worldwide. Aeroflot operates one of the youngest fleets in the world, numbering 163 Airbus, Boeing and Sukhoi airliners. Aeroflot is among the global leaders in aviation safety. The company’s European Community Safety Assessment of Foreign Aircraft (SAFA) Index, which is the main globally recognized safety parameter, is comparable to global peers. The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the sixth time in 2015, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant. In 2015 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the fourth time. Find more at www.aeroflot.com.