28 April 2011, Moscow – TheBoard of Directors of JSC Aeroflot met for a regular session under the presidency of the Russian transport minister Igor Levitin.
The Board took note of and advised the general annual meeting of shareholders of Aeroflot to approve the annual report for 2010.
In 2010 Aeroflot for the first time became number one in domestic transportation with positive dynamics across all major operational figures and best results of all Russian airlines for the last 20 years in terms of the passenger flow and the passenger seat load factor. The passenger flow with Aeroflot grew at a higher pace than that of the Russian civil aviation in general and of European carriers. In 2010 and in March 2011 Fitch rating agency awarded JSC Aeroflot with BB+ rating, a Stable outlook.
The Board took note of and advised the general annual meeting of shareholders of Aeroflot to approve the annual accounting reports, including the profit and loss account, according to FY’10 results (RAS). The net profit improved by RUR10.498bln or at 676%.
The Board advised the upcoming on 29 June 2011 general annual meeting of shareholders of Aeroflot to pay out dividends at the amount of RUR1.0851 per 1 share from 30JUN2011 to 29AUG2011.
The Board took note of the conclusion of the Audit Commission review following the check of the economic activity of JSC Aeroflot for FY’10 according to RAS. The Audit Commission acknowledged the annual accounting reports to be valid.
The Board took note ofthe report of BDO audit company following the audit of JSC Aeroflot for FY’10. The Board also took note of the conclusion of the Audit Committee on 2010 financial results. The auditor confirmed the validity of the accounting statements of the Company.
The Board approved future acquisition of new Вoeing 777 aircrafts from the Boeing company or its affiliated entities.
The Board decided to change the date of the next annual general meeting of shareholders of JSC Aeroflot for 29 June 2011 and consequently changed the record date.
The Board of Directors of JSC Aeroflot also approved the agenda for the next annual general meeting of shareholders, putting on it including but not limited to the following questions:
The Board took the decision to include in the agenda of the annual general meeting of shareholders the item of approval of transactions of interest between Aeroflot and its subsidiaries and dependant companies which can be arranged in future in the context of Aeroflot’s operational activity.
Aeroflot is Russia’s leading air carrier, member of the global SkyTeam alliance. Its consolidated route network covers 898 destinations in 169 countries. In 2010, Aeroflot carried 11.3 million passengers, Aeroflot Group –14.07 million.
Aeroflotis among top 25 airlines in the world by Air Transport World magazine in accordance with the results of financial and economic activity in 2009 (Category “operating profit” and “net profit”)
Aeroflot was the first Russian carrier to enter the IOSA Registry, and has multiple times confirmed the certificate.Aeroflot has successfully passed the ISAGO (IATA Safety Audit for Ground Operations) procedure. The company’s Quality Management System is certified for compliance with ISO 9001:2000.
Aeroflotoperates one of Europe’s youngest air fleets that consists of 104 aircraft. Aeroflot is based in Moscow, at the Sheremetyevo International Airport. Find more at www.aeroflot.ru.
PR&GR Department
