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Company News

06 September 2005

JSC “Aerofolot”, JSC “International Airport Sheremetyevo” and SC “Terminal” sign Memorandum of Mutual Understanding”

Today Valeriy Orulov, General Director of JSC “Aeroflot”, Mikhail Vlasenko, General Director of JSC “International Airport Sheremetyevo” and Kirill Budayev, General Director of JSC “Terminal”, signed Memorandum of Mutual Understanding on the issue of participation in constructing of the airport terminal “Sheremetyevo-3”.

This memorandum is the framework agreement between aviation company, airport and the enterprise in charge of implementation of the third airport terminal project. The document signed defines terms and conditions of the parties to the project, decision making procedure, shareholders’ interaction and financing order.

Particularly, the Memorandum fixed the arrangements on the share of JSC “International Airport Sheremetyevo” in JSC “Terminal” in amount of 25% plus one vote.

The Memorandum is open to be signed by other potential shareholders.

At the present time in order to use the rest of construction season in a most appropriate way preparatory works on making of construction site, platform basis, engineering network and facilities, earthworks are being carried out.

The project is planned to be accomplished in 2007.



JSC “Terminal” is 100% subsidiary company of Aeroflot established in 2003 to implement constructing of “Sheremetyevo-3” airport terminal.



Department of Public Relations of JSC “Aeroflot – Russian Airlines”
Address: 37-12, office 424 Leningradskiy prospect, 125167 Moscow, Russia.
Tel./Fax: (095) 752-90-71,
Tel.: (095) 903 98 20

Public Relations Center of Sheremetyevo International Airport
Tel.: (095) 578 8585, 578 2073
Fax: (095) 232 6548 fax