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Company News

30 August 2010

Aaeroflot has received assets returned from Switzerland to its account in Moscow

30th August 2010, Moscow. – JSC “Aeroflot – Russian Airlines” confirms that it has received about $52 mln that was embezzled from it over ten years ago and until now stayed frozen in Switzerland. The assets were returned to the Russian airline by decision of Switzerland court instances. It is an approximate equivalent of the damage inflicted on Aeroflot by criminal actions of a group of persons in the 1990s.

The transfer has been performed on August 27 of this year. The assets have been transferred to a bank account of JSC “Aeroflot”.

The decision to return the funds to Aeroflot that had suffered financial fraud was made in response to an inquiry for legal assistance from the General Prosecution Office of the Russian Federation. As noted in the ruling of Switzerland federal judge Maria-Antonella Bino, this decision was based on a “legally valid and enforceable judgement” by a “competent Russian court”.

“Aeroflot is satisfied by the actions of the Switzerland party, - says Vitaly Savelyev, Director General of JSC “Aeroflot – Russian Airlines”. – I believe that they favor not only the Russian business at home and abroad, but also the relationships between the two countries in general. I would like to specially note the activities of Russian judicial instances on this issue and their cooperation with the institutions in Switzerland”.

Aeroflot, a leader of Russia’s air fleet, is a member of SkyTeam, the global airline alliance. Aeroflot’s overall flight network comprises 898 locations in 169 countries. In 2009, 8.755 mln passengers used Aeroflot’s services and 11.1 mln used the services offered by the Aeroflot group.

Aeroflot was the winner in the contest between European members of SkyTeam in serving economy-class passengers in short- and medium-range flights and business-class passengers in long-range flights. “Onboard Survey,” the marketing survey conducted by SkyTeam from April to September 2009, confirmed Aeroflot’s leading positions.

Aeroflot belongs to 25 leading airlines of the world according to Air Transport World journal, based on the results of its financial and economic activities in 2009 (“operating profit” and “profit margin” categories).

Aeroflot was the first Russian carrier to be included in the IOSA operator registry and it continues to confirm the certificate in a regular way. The airline has successfully passed the Safety audit for ground operations (ISAGO). Aeroflot is a holder of the unified certificate of compliance with the requirements of ISO 9001:2000.

Aeroflot operates one of the youngest air fleets in Europe that consists of 105 aircraft. Aeroflot’s hub is Sheremetyevo international airport in Moscow. For more details please visit www.aeroflot.ru.

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