31 January 2014, Moscow. – JSC Aeroflot (“Aeroflot” or “the Company”, Moscow Exchange ticker: AFLT), announces the results of its Board of Directors meeting that took place yesterday and was chaired by Kirill Androsov. The following topics were discussed:
Flight safety. In 2013, Aeroflot’s flight safety performance indicator reached a high level (99.961%), and also demonstrated a strong EU SAFA safety ratio. The SAFA safety ratio at Aeroflot’s subsidiaries also improved significantly. In 2014, Aeroflot plans a number of initiatives to enhance further its flight safety performance.
Work with shareholders and investors. The board reviewed the results of the ongoing investor relations activity that the management team is undertaking, and plans for 2014. The Company’s positive share price performance was noted, as well as increased trading volumes, following the publication of Aeroflot’s 9M financial results. In December the Company’s share price increased by 32%.
It was also noted that Aeroflot’s market capitalisation during the previous year increased by USD 1,314.7 billion as of 31 December 2013. Within a peer group of five major international competitors, Aeroflot ranks second in terms of market capitalisation growth during the year.
Opening a representative office in Georgia. Aeroflot plans to open a representative office in Tbilisi and to launch passenger flights on the Moscow - Tbilisi – Moscow route, in line with the Company’s strategy to expand its network of routes.
The Aeroflot Board of Directors also discussed the results of its options programme and its procurement procedures, including plans to optimise further these and other business processes.
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Celebrating its 90th anniversary in 2013, Aeroflot is Russia’s flagship airline and the largest national air company. Proudly being a member of the SkyTeam global airline alliance, Aeroflot with its partnering members provides service to more than 1000 destinations in 178 countries. Aeroflot operates one of the most modern and youngest fleets in Europe counting 143 aircraft formed by Airbus, Boeing and Sukhoi airliners with an average airplane age between five and six years old. In 2012 Aeroflot carried 17.7 million passengers (27.5 million passengers as Aeroflot Group), continuously showing the best results in modern Russia’s history. In June 2013 Aeroflot was for the second time awarded by SKYTRAX as The Best Airline in Eastern Europe. Find more at www.aeroflot.com.