Deliver Your News to the World

Aeroflot Announces Results of Board of Directorsí Meeting


Moscow – WEBWIRE

PJSC Aeroflot (MOEX: AFLT) announces the results of a Board of Directors meeting held on 1 February 2018 that was chaired by Mikhail Poluboyarinov.

The agenda included the following items:

PJSC Aeroflot flight safety in 2017. Aeroflotís flight safety performance came in at 99.972%; the CEOís KPI in this area was achieved. The findings per inspection ratio, as per the EU Safety Assessment of Foreign Aircraft (SAFA) programme, remained at the 2016 level of 0.45 for both PJSC Aeroflot and Aeroflot Group. All Aeroflot Group companies that participate in SAFA inspections achieved a ratio significantly below the maximum allowed ratio of 2.0. The Board designated key activities for 2018 to improve the safety of PJSC Aeroflot flights.

Shareholder and investor relations (2017 results). †In addition to ongoing investor relations activities, a number of key initiatives were carried out in 2017. These included the launch of a Databook in the Investor Relations section of Aeroflotís website that significantly simplifies analysis of Group results by investment funds. A number of strategic events were held in order to strengthen relations with the investment community, including an Investor & Analyst Day held in December in which PJSC Aeroflot management and the CEOs of subsidiary airlines Rossiya and Pobeda participated. In 2017 Aeroflot Investor Relations was recognised with a number of accolades, including an award for best investor relations in its sector from IR Magazine. In 2018 Aeroflot investor relations activities will continue across key areas, including taking steps to grow the investor base. The Board approved the proposed plan of investor relations activities.

Status of PJSC Aeroflot strategic partnerships. The importance of strategic partnerships for Aeroflot was underlined. International experience demonstrates that establishing strategic partnerships is one of the most effective ways to expand into new markets. Concrete prospective strategic partnerships were reviewed, which would see Aeroflot implement leading global practices in the area of aviation partnerships. Simultaneously negative external factors were taken into consideration, and it was noted that the formation of strategic partnerships could contribute to the normalisation of the geopolitical situation.

Aeroflot Group ancillary revenue. The Group is posting a growth trend in ancillary revenue, the structure of which is in line with international practice. Aeroflotís policy of offering additional services on a paid/unpaid basis is similar to that of other market leaders. Across the Group new additional services are being developed and rolled out; simultaneously, a programme to increase Group ancillary revenue is being developed that centres on product improvements in the air and on the ground, including leveraging the latest information technology (improved quality of WiFi, preliminary orders via apps, new advertising opportunities, widespread use of Big Data, etc.).

About Aeroflot

Aeroflot is Russiaís flagship carrier and a proud member of the SkyTeam global airline alliance. Aeroflot and its partners serve 1,074 destinations in 177 countries worldwide. In 2017, Aeroflot carried 32.8 million passengers (50.1 million passengers as Aeroflot Group including subsidiaries).

Aeroflot became the first Russian airline to be awarded Four Star Airline status by Skytrax in recognition of the high-quality of its customer service. In 2017, Aeroflot was named Best Airline in Eastern Europe for the sixth time at the Skytrax World Airline Awards.

In 2017, Aeroflot was named the most powerful brand in Russia and the worldís strongest airline brand by leading valuation and strategy consultancy Brand Finance. Aeroflot was also named Best Major Airline in Europe by TripAdvisor travellers and recognised as the Favourite International Airline in China at the Flyer Award Ceremony 2017.

Aeroflot operates one of the youngest fleets in the world with 228 aircraft. Aeroflot is based in Moscow, at Sheremetyevo International Airport.

Aeroflot is among the global leaders in aviation safety, with a European Community Safety Assessment of Foreign Aircraft (SAFA) Index, the main globally recognized safety parameter, comparable to global peers.

The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the seventh time in 2017, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2015, ISO 14001:2004 compliant.

Find out more at http://www.aeroflot.com/


( Press Release Image: https://photos.webwire.com/prmedia/7/219736/219736-1.png )


WebWireID219736





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.