October 10, 2011, Moscow- JSC “Aeroflot” Board of Directors ordinary meeting was held today. The Board of Directors recognized the necessity of liability insurance of the members of the Board of Directors and Executive board шт2012.
JSC “Aeroflot” will affect competitive tender to choose issuer before November 20, 2011. Whereupon during the next ordinary meeting Board of Directors will discuss the possibility of acceptance of the chosen issuer.
The Board of Directors approved lease transactions of the three aircraft Airbus A330-300 in form of “sale-and-leaseback” between JSC “Aeroflot” and “GE Capital Aviation Services Limited”. The amount of transaction will not exceed $464 mln. The delivery period of aircraft is set from February till April 2012.
The Board of Directors approved finance lease transactions of three aircraft Airbus A321 between JSC “Aeroflot” and “Vostokavia Ireland Limited”. The amount of the transaction will not exceed $212.5 mln. The delivery dates are set for February and August of 2012.
The Board of Directors accepted the proposal of the Executive board to set representation offices in Ho Chi Min (Vietnam) and Guangzhou(China).
The Board of Directors analyzed the environmental requirements of European Union and entrusted Executive board to prepare the drafts of official letters on behalf of the Board of Directors of JSC “Aeroflot” which should be sent to the Government of Russian Federation and State Duma of the Federal Assembly of the Russian Federation.
The above mentioned letters should contain the following suggestions:
The Board of Directors approved alterations of the remuneration system of the members of the Board of Directors of JSC “Aeroflot” and affirmed new edition of the Remuneration statement of the members of the Board of Directors. Implementation of the new methods in remuneration determination will significantly increase remuneration’s variable component share and improve responsibility of the each member of the Board of Directors. Therewith, Board of Directors decided to determine the remuneration of each member of the Board of Directors for achieved results in 2011 using new methods which coincide with approaches used in top Russian companies.
Aeroflot - Russia’s leading air carrier, member of the global SkyTeam alliance with a consolidated route network covering 898 destinations in 169 countries. In 2010, the Aeroflot Group carried 14.07 million passengers.
Aeroflotenters the world top 25 airlines by Air Transport World magazine for financial and economic results (“operating profit” and “net profit” category) in 2009.
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 operates one of Europe’s youngest air fleets that consists of 109 aircraft. Aeroflot is based in Moscow, at Sheremetyevo International Airport. Find more at www.aeroflot.ru.
