THE BOARD OF DIRECTORS OF JSC “AEROFLOT”

14 July 2011

July 13, 2011, Moscow- JSC “Aeroflot” Board of Directors ordinary meeting was held today.

The Board of directors of JSC “Aeroflot” elected Androsov Kirill Yurievich as Chairman.

The Board of directors approved structure of three committees of the Board of directors of JSC “Aeroflot”:

  1. The Committee for Personnel and Remuneration
  2. Levin Kirill Yurievich– Member of the Board of Directors of JSC “Aeroflot”, chairman of the committee;
  3. Dushatin Leonid Alexeevich- Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  4. Nikitin Gleb Sergeevich - Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
    1. The Audit Committee
  5. Dushatin Leonid Alexeevich -Member of the Board of Directors of JSC “Aeroflot”, chairman of the committee;
  6. Aleksashenko Sergey Vladimirovich - Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  7. Stolyarov Andrey Viktorovich- Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
    1. The Strategy Committee
  8. Aleksashenko Sergey Vladimirovich - Member of the Board of Directors of JSC “Aeroflot”, chairman of the committee;
  9. Dushatin Leonid Alexeevich- Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  10. Levin Kirill Yurievich– Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  11. Nikitin Gleb Sergeevich - Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  12. Chemezov Sergey Viktorovich- Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  13. Tikhonov Alexander Vasilievich- Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  14. Saprykin Dmitry Petrovich– Member of the Board of Directors of JSC “Aeroflot”, member of the committee;
  15. Kalmykov Andrey Yurievich- Deputy general director for commerce, member of the committee;
  16. Kurmashov Shamil Ravilievich– Deputy general director for finance and investment, member of committee.
  17.  

The Board of Directors approved the Development Strategy of the Aeroflot Group through 2025 and the Implementation Program for the approved Development Strategy. The key objectives of the Group for the period till 2025 are: to become Europe’s top five airline by passenger traffic and revenue; to become world’s top twenty airline by passenger traffic and revenue; air carriage development via main hub in Moscow maintaining share of transit passengers not less than 60%; to maintain broad market presence.

The Board of Directors approveda new organizational structure of JSC "Aeroflot" and instructed the Management Board to make the appropriate changes in the internal governing documents of the Company. Implementing of the organizational changes will consolidate management of current production activity within a single functional unit. Unique planning and coordination center of production activity will be created - OSS, NSS, including activities in basic and non-basic airports, crisis management, management of product quality and customer focus. Also, above mentioned changes will provide possibilities in creating management functions of the Services & Maintenances in accordance with best international practices (separation of management functions of the Services & Maintenances) and ensure the effective management of core assets while maintaining direct cross-functional relationships at the business units’ level.

The Board of Directors approved work plan for a period from July 2011 till June 2012. 

Aeroflot - Russia’s leading air carrier, member of the global SkyTeam alliance with aconsolidated route network covering 898 destinations in 169 countries. In 2010, the Aeroflot Group carried 14.07 million passengers.

Aeroflot is the first Russian carrier to have entered the IOSA Registry, and to have regularly 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 9001:2008.

Aeroflot enters the world top 25 airlines by Air Transport World magazine for financial and economic results (“operating profit” and “net profit” category) in 2009

Aeroflot operates one of Europe’s youngest air fleets that consists of 101 aircraft. Aeroflot is based in Moscow, in Sheremetyevo International Airport. Find more at www.aeroflot.ru.

 

Department of public relations and liaison with governmental bodies.