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Company News

11 October 2010

In the JSC Aeroflot Russian Airlines board of directors

October 11, 2010, Moscow. Today the Russian Minister of Transport Igor Levitin chaired a planned meeting of the Board of Directors of JSC Aeroflot Russian Airlines.

The Board of Directors reviewed and took into consideration the results of the production and financial and economic activities of JSC Aeroflot Russian Airlines in the first six months of 2010 (based on managerial accounting). The company’s revenues grew by 23% to 49 284 000 000 rubles; the net profit increased 1.8 times and comprised 3 604 000 000 rubles. The passenger turnover increase over the six months in Aeroflot was 1.1 percentage points higher than on average in the industry.

The passenger turnover during the 8 months of 2010 was 22 932 100 000 passengers per km, which was 37% higher than the results for the respective period of 2009. The number of passengers traveling Aeroflot increased by 32% and made up 7 460 900 passengers. Passenger seat occupancy rate also increased to 77.6%, which was 9.7 percentage points higher than in the previous year (based on managerial accounting).

The Board of Directors approved the 12-year leasing agreement for two А321 type aircraft to be delivered in October-November 2010.

The Board of Directors approved the proposal of the board on improving the cost efficiency of aviation fuel and lubricants purchases and interest payments on loans.

The Board of Directors reviewed and took into consideration the issue of Aeroflot’s cooperation with agencies selling passenger flights and also looked into the issue of cargo flights by Aeroflot.

The Board of Directors discussed a partial modification of the organizational structure of JSC Aeroflot Russian Airlines and the membership of the Board of Directors. The Board of Directors appointed Igor Chalik Deputy Director General, Director of Operations Department and made him a member of the Board of Directors of JSC Aeroflot Russian Airlines.

Aeroflot is a leading air transport company in Russia as well as a member of SkyTeam, a global airline alliance. The cumulative network of routes comprises 898 destinations in 169 countries of the world. In 2009 Aeroflot transported 8.755 ml people while the Aeroflot Group of Companies transported 11.1 ml.

Aeroflot came first among European members of SkyTeam in the quality of its passenger service in economy class on short and medium range flights and in business class on long haul flights. The leadership of Aeroflot was established based on the SkyTeam Onboard Survey over the period of April – September 2009.

Aeroflot is one of the 25 leading world airlines in terms of financial and economic activity in 2009 (operating and net profit), according to the Air Transport World magazine.

Aeroflot was the first Russian carrier to enter the IOSA registry and has kept up the standard ever since. The airline has been successfully audited in terms of its compliance with the ISAGO safety requirements for ground operations. The company complies with ISO 9001:2000.

Aeroflot has one of the youngest aircraft fleets in Europe comprising 100 planes. Aeroflot headquarters are in Moscow in the international airport Sheremetyevo. For more information see www.aeroflot.ru.

Department of public relations and liaison with governmental bodies