20 March 2006. Moscow. – Today JSC “Aeroflot-Russian Airlines” general director Valery Okulov and president of “Air Baltic” Bertolt Flick signed a “code-sharing” agreement about a joint operation: Moscow-Riga-Moscow from 26 March 2006 – the beginning of the summer schedule.
Flights within joint operation will be handled by both airlines on the route Moscow-Riga-Moscow. Aeroflot plans to complete five flights a week on Ту-154М planes; Air Baltic will complete six flights a week on B 737-500 planes. In accordance with the agreement, each carrier offers the partner a block of seats on their flights.
The flights Moscow-Riga-Moscow are introduced in an automated booking system for each airline.
The agreement makes it possible to expand the offer to passengers of both airlines to fly at the partners’ expense.
In 2005 Aeroflot transported 29.5 thousand passengers and “Air Baltic” 13.5 thousand on the Moscow-Riga-Moscow route.
Aeroflot has an agreement for the organization of joint transport with 24 airlines. In the Baltic region, Aeroflot has similar agreements with Estonian Air and Lithuanian Airlines.
JSC “Aeroflot – Russian Airlines” (РТС: AFLT) is the largest Russian airline. 51% of shares belong to the State. Aeroflot was founded in 1923. It controls about 11% of the internal 39% of the international market of Russia’s carriers. The net profit for 2004 was 6 330,143 million Rubles (219 million US dollars). It is in the list of the world’s 25 leading airlines in terms financial indicators (according to the ATW version). In 2005, Aeroflot transported 6,707 million passengers. The park contains 83 airplanes. It is based in Moscow at Sheremetevo airport. Aeroflot plans to build its own terminal - “Sheremetevo-3”- by 2007. Detailed information about the airline can be found on the following websites.