MOSCOW, 3 AUGUST 2015 — Aeroflot (Moscow Exchange ticker: AFLT) announces the results of a Board of Directors meeting held on 31 July 2015 by absentee voting. The meeting was the first held by the new composition of the Board of Directors elected at Aeroflot’s Annual General Meeting of Shareholders on 22 June.
The Board re-elected Kirill Androsov to serve as its Chairman. Alexey Melekhin, Deputy Director for Property Management, was re-elected as Executive Secretary to the Board of Directors.
The meeting’s agenda included the following items:
Sale of one Airbus A320 and three Airbus A321’s. The Board of Directors approved a number of transactions for the sale of these aircraft. Their withdrawal from the fleet and replacement by new aircraft currently on order will help reduce the average age of Aeroflot’s fleet — currently already among the youngest of any major airline worldwide at 4.2 years. The four Airbus aircraft being disposed of are all 11 years old.
Sponsorship of Russian sports clubs. The Board of Directors approved a motion to sponsor the CSKA football and basketball clubs for the 2015-16 season, based on previous successful experience of working with these clubs.
Transfer of exclusive branding rights to Aurora and Pobeda. Unique brand styles for both subsidiary airlines were created by Landor Associates GmBH under an order from Aeroflot. Aurora and Pobeda will now receive from Aeroflot (the original rights-holder) full and exclusive rights to the brands. The Board of Directors approved the relevant transactions.
Representative (agency) services for Orenair. The Board of Directors approved a transaction to use Aeroflot resources to provide representative (agency) services for Orenair at airports in Perm, Tyumen, Ufa and Volgograd. Establishing representative offices for subsidiaries in locations where Aeroflot already has its own offices was deemed unnecessary for the purposes of maintaining a low cost-base for Aeroflot Group.
Subsidiaries and representative offices. The Board of Directors approved motions to disband Aeroflot’s representative offices in Ulan Ude and Dnepropetrovsk.
Transactions to optimise Aeroflot’s current loan portfolio were also approved.
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 1,052 destinations in 177 countries worldwide. Aeroflot operates one of the youngest fleets in the world, numbering 162 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.