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Company News

29 June 2004

Aeroflot and Finnair signed Code-Sharing Agreement

On June 29, 2004, in Finland Embassy Aeroflot-Russian Airlines Director General Valery Okulov and Finnair President and CEO Keijo Suila signed the Code-Sharing Agreement.

The Agreement was approved by the aviation authorities of countries-participants and it is to start operating beginning from July 1, 2004.

Both carriers will make regular joint flights on the routes Moscow-Helsinki-Moscow seven times a week; Aeroflot (SU) - by À 319; Finnair (ÀY) - by À 320.

Cooperation within the Code-Sharing Agreement makes air communication between capitals of Russia and Finland more convenient. Increasing flight frequency up to 14 flights a week meets increasing commodity turnover and business activity between two countries. Besides, this helps to use tourism potentialities of both countries more efficiently.

According to Valery Okulov, the agreement will help to improve service of the increasing number of passengers and satisfy the needs of tourist companies of both countries much better.

The agreement reflects the political will of both countries' leaders to develop mutually beneficial relations in different spheres.

Aeroflot already signed agreements on joint carriages with 22 airline companies including CSA, LOT, Malev, Air France, Austrian Airlines and others.

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.