Moscow, 21 May 2015. — Aeroflot (Moscow Exchange ticker: AFLT) announces the results of an in absentia meeting of the Company’s Board of Directors held on 19 May 2015.
The meeting’s agenda included the following key items:
Preparation for JSC Aeroflot’s Annual General Meeting of Shareholders (AGM). The Board approved the agenda for the AGM on 22 June 2015. The agenda was assembled based on proposals from shareholders and the Board as well as a number of documents required for holding the AGM.
Distribution of the Company’s profit or loss for the 2014 financial year. A decision was taken concerning recommendations to the AGM on distribution of net profit. The Board recommended the AGM neither to announce nor to pay dividends for the 2014 financial year. This solution is in line with the Company’s dividend policy whereby dividends are paid on the basis of consolidated net profit under IFRS.
Internal JSC Aeroflot documents regulating the activities of the Company. The Board approved the decision to propose to the AGM revised versions of the following basic documents of the Company:
- The charter of public joint stock company Aeroflot — Russian Airlines;
- Regulations of the AGM of public joint stock company Aeroflot — Russian Airlines;
- Regulations of the Board of Directors of public joint stock company Aeroflot — Russian Airlines;
- Regulations of the Management Board of public joint stock company Aeroflot — Russian Airlines;
- Regulations of the Revision Committee of public joint stock company Aeroflot — Russian Airlines.
The revised versions of these documents comply with amendments in Russian Federation legislation as well as the implementation of the Action plan (the Road Map) previously approved by the Board to introduce all key regulations of Russia’s Corporate Management Code in Aeroflot practices. The majority of changes are technical. Among other issues the new legislation stipulates that the legal form of the company be changed from an open joint stock company to a public joint stock company.
JSC Aeroflot’s participation in the Aviation Mobility and Aviation Technologies Technological Platform Association. The decision was made to include this issue as an agenda item for the AGM as well as recommend that Aeroflot joins this Association. The company’s participation in the Association, which was established by Russia’s Ministry of Economic Development, will facilitate:
- the initiation of projects in line with the Company’s core activities;
- attracting financing for the Company and the industry as a whole in order to address key challenges;
- an innovative development at the Company.
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 the youngest fleet in the World (among the major airlines), numbering 157 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 fifth time in 2013, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008, ISO 14001:2004 compliant. In 2014 Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the third time. Find more at www.aeroflot.com.