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Company News

04 December 2019

Aeroflot confirms National Corporate Governance Rating of 7++

4 December 2019, Moscow. – Aeroflot has confirmed its National Corporate Governance Rating of 7++. The rating was confirmed by the Russian Institute of Directors (RID) based on its monitoring of the Company, and represents Advanced Corporate Management Practices according to the approved National Corporate Governance Rating scale.

The rating serves as confirmation that Russia’s flag carrier complies with Russian corporate governance legislation and that it follows the recommendations of the Russian corporate governance code. Aeroflot is characterized by relatively low corporate governance risks for its shareholders.

The RID experts highlighted a number of measures adopted by Aeroflot that helped the Company to improve its corporate governance since its previous monitoring in 2018:

– Adoption of a new Aeroflot Group long-term development strategy 2023,

- Adoption of new editions of the Clause on Internal Audit Department and of the Code of Corporate Ethics,

- Extension of the period for publishing information about the Company’s AGM to 30 days,

-  Introduction of a wider list of additional information to be provided to those who have the right to participate in AGMs.

Aeroflot is continuously implementing measures set out in the roadmap to improve corporate governance and aims to introduce best cоrporate governance practices. 

About Aeroflot

Aeroflot is Russia’s flagship carrier and a proud member of the SkyTeam global airline alliance. Aeroflot serves 149 destinations in 53 countries.

Aeroflot’s 249-strong fleet is the youngest of any airline worldwide that operates more than 100 aircraft. In 2018, Aeroflot carried 35.8 million passengers (55.7 million passengers as Aeroflot Group including subsidiaries).

Aeroflot holds 4-Star Airline status from Skytrax and was named Best Airline in Eastern Europe for the eighth time at the 2019 Skytrax World Airline Awards. Aeroflot has also been awarded a five-star global airline rating by US aviation association APEX. Aeroflot is also rated five stars for the punctuality of its flights by OAG.

Aeroflot is the world’s strongest airline brand according to leading brand strategy consultancy Brand Finance.

Find out more at http://www.aeroflot.com/