Moscow, 9 March 2017 – PJSC Aeroflot (Moscow Exchange ticker: AFLT) announces the results of Board of Directors meeting held on 9 March 2017 that was chaired by Kirill Androsov.
The meeting agenda included the following items:
Exercising rights over quasi-treasury shares of PJSC Aeroflot. As part of exercising the rights over quasi-treasury shares of PJSC Aeroflot, the Board of Directors decided to allow the Company to nominate a candidate from subsidiary company LLC Aeroflot-Finance to be elected as a member of Board of Directors of PJSC Aeroflot at the next annual General Shareholders Meeting in 2017, and allow voting with quasi-treasury shares. Dmitry Saprykin, member of the Board of Directors of PJSC Aeroflot, was named as a potential candidate. Permission was also given to organize the inclusion of the following items in the agenda of the PJSC Aeroflot Annual General Meeting of Shareholders in 2017 (and voting for them with quasi-treasury shares):
- Approval of a revised version of PJSC Aeroflot Charter;
- Approval of a revised version of Regulation on the General Shareholder meeting;
- Approval of a revised version of Regulation on PJSC Aeroflot Board of Directors;
- Approval of a revised version of Regulation on PJSC Aeroflot Management Board.
The creation of PJSC Aeroflot corporate museum. It was noted that the creation of such a museum would help strengthen Aeroflot’s image. The museum is expected to represent all aspects of the airline’s activities. The Board of Directors decided to approve the initial information regarding the development concept of a PJSC Aeroflot museum, and to ask the Management Board to hold a tender for the development of the museum concept.
Termination of PJSC Aeroflot’s participation in PJSC Transport Clearing Chamber. The Board of Directors decided to divest from PJSC Transport Clearing Chamber (PJSC TCC) by selling the shares that belong to PJSC Aeroflot at an open auction at a market price which will be determined by an independent appraiser. Divestiture is carried out in accordance with the non-core assets divestiture programme approved earlier by the Board of Directors.
Update of Regulation on Aeroflot Group’s Risk Management System. The Board of Directors approved the updated version of Aeroflot Group’s Policy on its Risk Management System. The updates concern the clauses on preventing and combatting corruption.
Aeroflot is Russia’s flagship carrier, a proud member of the SkyTeam global airline alliance. Aeroflot and its partners serve 1,062 destinations in 177 countries worldwide. In 2016, Aeroflot carried 29 million passengers (43.4 million passengers as Aeroflot Group including subsidiaries).
In 2016 Aeroflot became the first Russian airline to be awarded Four Star Airline status by Skytrax in recognition of the high-quality of its customer service, and was also named Best Airline in Eastern Europe for the fifth time at the Skytrax World Airline Awards.
Aeroflot operates one of the youngest fleets in the world with 190 aircraft. Aeroflot is based in Moscow, in Sheremetyevo International Airport.
Aeroflot is among the global leaders in aviation safety, with a European Community Safety Assessment of Foreign Aircraft (SAFA) Index, the main globally recognized safety parameter, 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.