Moscow, 29 January 2016. — PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of the Board of Directors meeting held on 28 January 2015. The meeting was chaired by Kirill Androsov.
The meeting’s agenda included the following items:
PJSC Aeroflot flight safety in 2015. Aeroflot’s flight safety indicator in 2015 stood at 99.978%, above the Company’s forecast. Given the increase in operational flight time across Aeroflot’s fleet, this result indicates the effectiveness of Aeroflot’s flight safety measures. PJSC Aeroflot and the airlines of Aeroflot Group have substantially improved their ratings under the European Safety Assessment of Foreign Aircraft programme. Aeroflot has a SAFA rating of 0.21. Priority action areas were determined for improving Aeroflot’s flight safety in 2016.
Investor relations activity. IR communications in 2015 emphasised the strengths of Aeroflot Group’s investment case, and this approach will be maintained in 2016. PJSC Aeroflot’s share price was supported by strong financial results for 3Q and 9M 2015. Despite the challenging macro environment, the shareholder base remained relatively stable. During the year Aeroflot received a number of sectoral awards. The need for continued active engagement with the investment community in 2016 was recognised in order to correctly position the company in a changed external environment, including the exit from the market of Transaero.
Update on strategic partnerships. Aeroflot believes that large-scale strategic partnerships can help it achieve its strategic goals more quickly and at minimal cost. Such partnerships in particular can minimise any negative effects of infrastructural constraints at Sheremetyevo International Airport. The optimal format for partnership-based cooperation has been developed, proposals have been sent to potential partners, and the answers received have been predominantly positive. Negotiations regarding long-term cooperation with potential strategic partners are continuing successfully. At the same time, progress on projects with some airlines have been affected by negative geopolitical factors.
PJSC Aeroflot’s internal documents. The meeting approved:
- the Code of Corporate Ethics
- two statutes on the committees of the Board of Directors (personnel and remuneration; audit).
- Provisions on the Procedure for Establishing and Allocating Funds for Sponsorship and Charitable Activity;
- Provision for Exercising Rights over Quasi-Treasury Shares of PJSC Aeroflot.
Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2015, Aeroflot carried 26.1 million passengers (39.4 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 1,057 destinations in 179 countries worldwide. Aeroflot operates one of the youngest fleets in the world, numbering 167 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 http://www.aeroflot.com.