Results of UTair’s Supervisory Board meeting

Results of UTair’s Supervisory Board meeting

6-Feb-2014 Source: UTair

The UTair Aviation Supervisory Board approved a series of policy documents outlining the primary areas of development for the UTair Group for 2012-2014 and UTair Group helicopter business development strategy at its meeting on January 31, 2013. The approved plans determine key strategic goals for all enterprises belonging to the Group, including development priorities, targeted financial and performance indicators, and a program for continued fleet renewal.

With the primary areas of development program for the UTair Group, the Supervisory Board approved new measures for optimizing the Group’s corporate structure according to business types and consolidation of helicopter operations within UTair-Helicopter Services, formerly Nefteyugansk United Squadron. These steps are aimed at the formation of an effective and transparent system of business process management within the Group.

The updated strategy of the Group is focused on a hybrid model of project execution for passenger operations with the company’s expanded fleet, including 22 new Airbus A321, Boeing 737 NG, and SSJ-100 aircraft in 2014, route network expansion from Moscow, Saint Petersburg and other cities to destinations in the Russian regions, the CIS and European countries, and the company’s increased presence on the tourist charter and shift teams transportation market.

According to the approved plan, the UTair Group expects to transport over 13 million passengers in 2014, exceeding the 2013 passenger volume by 43%. R otor-wing aircraft are expected to log 175,000 flight hours, a YoY increase of 7%. The expected delivery of new Mi-171 (Mi-8-AMT) and EC175 Eurocopter helicopters will enable the company to expand operations geography in Latin America and Southeast Asia.

UTair Aviation ranks among the top three Russian airlines. In 2013 UTair Aviation aircraft transported 9,625,295 passengers, while the entire UTair Group air fleet transported 10,413,803 passengers. UTair Aviation operates more than 150 fixed wing aircraft and performs flights to 110 destinations in Russia and aboard. The airline maintains its central hub at Vnukovo International Airport in Moscow, from which it performs more than 100 flights daily.

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