OJSC Aeroflot board of directors has considered a number of current issues regarding airline activity at its regular meeting and concluded the following.
In order to reinforce the positions of the airline on the international and domestic markets of air carriages and develop convenient for the passengers and economically viable network of itineraries a decision was made to create a branch of OJSC Aeroflot in St. Petersburg.
The opening of the branch will allow to increase passenger traffic in the northern region of Russia by creating more attractive conditions for business and tourist air carriages to/from St. Petersburg. In accordance with experts’ appraisals, air carriages market in St. Petersburg and neighboring regions is estimated at more than 9.2 m passengers a year and it is the second largest market in Russia after Moscow. When Aeroflot flights are made from the Northern Capital to the major points in Europe, the air carriages market of St. Petersburg will balance out Moscow market. The fulfillment of air carriages on circular routes will allow to join these two major markets of the country in a single one and create a significant competition for western air carriers.
Moreover, creation of the Aeroflot branch in St. Petersburg will bring obvious benefits to the city due to expansion of the air carriages geography and usage of capabilities of Aeroflot network of itineraries as well creation of new jobs for qualified aviation specialists.
The Board of Directors has also considered preliminary results of Sabre software system application by Aeroflot. It is decided to continue consideration of particular program components on introduction of Sabre system during the next board meetings, in particular regarding issues of electronic ticket technology introduction and development of WEB-booking and sales technology.
The course of construction of the Terminal complex Sheremetyevo-3 and development of the ground infrastructure of OJSC Aeroflot in Sheremetyevo airport have been also discussed. The construction of the third terminal in Sheremetyevo is conducted in accordance with the schedule of construction and on a high qualitative level. The board of directors authorized managing director Valery Okulov to organize work for further development of the ground base of OJSC Aeroflot in Sheremetyevo airport and turn to the respective bodies of the executive power and organizations regarding the following issues:
Board of Directors has confirmed a new composition of the Committee on strategic development:
OJSC Aeroflot board of directors has analyzed and taken into consideration information on “Financial and production performance of OJSC Aeroflot for the first nine months of 2005”.
