Moscow, 13 January 2014. — Aeroflot Group (the «Group», Moscow Exchange ticker: AFLT) will assume full commercial control of Rossiya Airlines on 30 March 2014, continuing the process of successful integration of the subsidiaries that Aeroflot acquired from State Corporation Rostec in 2011.
From 30 March 2014 all flights operated by Rossiya Airlines will be designated by Aeroflot’s IATA code (SU), and the code of Rossiya Airlines (FV) will cease to be used.
The assumption of commercial control marks a key step toward the full integration of Rossiya into Aeroflot Group, and is expected to generate additional revenues through the sale of flights operated by Aeroflot subsidiaries through the Group’s more than 200 interline e-ticket agreements, further strengthening Aeroflot’s financial position.
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Aeroflot is Russia’s leading airline and one of the largest in the CIS and Eastern Europe. Aeroflot is the principal company in Aeroflot Group, which consists of five Russian airlines providing service to more than 200 destinations globally.
In 2012 Aeroflot Group carried 27.5 million passengers. The Group had revenue of USD 8,138 million in 2012 and EBITDA of USD 671 million. Net profit totalled USD 166 million.
As of 31 December 2013 Aeroflot had 143 aircraft, which make up one of the youngest, most modern and fastest growing fleets in Europe. Aeroflot was twice named in a SKYTRAX survey as The Best Airline in Eastern Europe (in 2011 and 2013).
A member of the SkyTeam global airline alliance, 2013 marked Aeroflot’s 90th year in operation. The Group’s shares trades on Moscow Exchange (ticker: AFLT) and its GDRs trade OTC on the Frankfurt Stock Exchange.
Find out more at www.aeroflot.com.