Sept 5, 2017: PJSC Aeroflot, the flag carrier and largest airline of the Russian Federation announces the results of the meeting of the Board of Directors held on August 31, 2017. Mikhail Poluboyarinov, First Deputy Chairman and member of the Board of Directors of Vnesheconombank (VEB), was elected as new chair of Aeroflot’s Board of Directors. Alexey Melekhin, Director of the Corporate Governance Department of PJSC Aeroflot, was elected as new Executive Secretary of the Board of Directors. Melekhin has held this position at Aeroflot since 2011.
Members and management of the permanent committees of the Board of Directors were elected at the meeting. Vasily Sidorov (CEO of Arida LLC) was elected head of the Audit Committee; Alexey Germanovich (member of the Management Board of the Foundation for the Development of St. Petersburg State University) was elected head of Personnel and Remuneration Committee; Igor Kamenskoy (Managing Director of Renaissance Capital LLC ) was elected head of the Strategy Committee.
A number of issues regarding the formation of Aeroflot and Aeroflot Group’s fleet were considered, including the terms of the lease contract for the delivery of 20 new Sukhoi Superjet 100 regional aircraft signed between PJSC Aeroflot, VEB-Leasing and Sukhoi Civil Aircraft. The lease term is no more than 144 months from the date of transfer of aircraft to Aeroflot. The planned delivery date of the aircraft is August 2017 to July 2018. Details of the transaction were submitted for consideration at the PJSC Aeroflot Annual General Meeting of Shareholders.
The Board of Directors also approved the acquisition of six new Boeing 777-300ER aircraft from The Boeing Company. The purpose of the transaction is to considerably reinforce Aeroflot’s long-haul transport capacities, enhance accessibility to remote regions in Russia, as well as strengthen Aeroflot’s position internationally, especially with regard to transit between Europe and Asia. The aircraft are expected to be delivered between the second quarter of 2018 and first quarter of 2021.