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Company News

24 September 2004

Aeroflot and Iberia signed special commercial prorate agreement

Aeroflot-Russian Airlines and Spanish company Iberia signed special commercial prorate agreement that provides special sales terms on route from Moscow to cities of Latin America where Aeroflot doesn’t make regular flights. The following base fares are determined for most popular routes from Moscow through Madrid and Barcelona (depending on seasonal demand):

To San Paolo (Brazil) – from $1014;

To Rio de Janeiro (Brazil) – from $1214;

To Buenos Aires (Argentina) – from $1079;

To Santiago (Chili) – from $1112;

To Lima (Peru) – from $1271.

According to Aeroflot Commercial Director Yevgeny Bachurin, the agreement with Iberia Airline Company ensures Aeroflot strategy on improving the product of the airline company by means of expanding international cooperation with the largest airline companies.

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.