New Aeroflot CEO V.Savelyev starts today

05 May 2010


/April 10, 2009/ TAKING HIS LEADERSHIP of Aeroflot today, the Russian airline’s new CEO and Director General Vitaly Savelyev is setting his preliminary directorial priorities focussing on a range of strategic and progressive plans to ensure Aeroflot’s continuous competitiveness and growth.

Vitaly Savelyev was appointed to his new position in last month’s Board of Directors meeting replacing the air carrier’s previous CEO Valery Okulov who has moved to his new role of Deputy Minister of Transportation in the Russian government.

Amongst the main strategic priorities, Vitaly Savelyev will be working together with Aeroflot’s senior management team to develop new approaches to implementing the company strategy for the period up to 2015. These development tactics will be reviewed by the Board of Directors in the second quarter of 2009.

Part of this planning strategy will be a new short-term business plan incorporating Aeroflot’s key commercial activities in light of the new challenges in today’s civil aviation market. Under Vitaly Savelyev’s direction, Aeroflot will be investigating cost-efficiency programmes that will help ensure the airline’s continuous competitive edge.

In view of the current challenging global economic situation and its toll on the airline industry, Aeroflot reaffirms its commitment to preserving and ensuring the well-being of its work force. As one of Russia’s largest employers, the air carrier will maintain to provide as well as to progress an exceptional and productive working environment for all of its employees.

Vitaly Savelyev joins Aeroflot from financial and industrial group Sistema (SSAq.L) where he was a member of the board of directors and head of its telecoms division. He has vast experience in banking and financial sectors and previously served as Russia’s Deputy Minister of Economic Development and Trade from 2004 to 2007.

Editor’s Notes:OJSC “Aeroflot – Russian Airlines” is based in Moscow, Russia, at the Sheremetyevo Airport. The company was established in 1923. It is Russia's largest air carrier with 45% of international and 12.5% (17% counting affiliated companies) of domestic carriages in Russia. In 2007 it carried eight million passengers (10 million together with its subsidiaries) to 96 locations in 49 countries. It operates a fleet of 88 aircraft. Aeroflot is a member of the global airline alliance SkyTeam. The International Air Transport Association (IATA) is aimed at positively impacting the aviation industry’s agenda on safety, security, environment issues as well as simplifying business and government regulations, represents 230 airlines from 126 countries and comprises 93 per cent of scheduled international air traffic.