Aeroflot re-elects CEO to new 5-year term

PJSC Aeroflot´s board of directors has announced the re-election of Vitaly Saveliev as CEO for a term of five years, the company said.

The appointment was approved on 28 August 2018 pursuant to a Directive from the Russian government.

Vitaly Saveliev has led Aeroflot since his appointment on 10 April 2009. At that time, the Company was considered a regional carrier by global standards with passenger traffic of 8.6 million (11.1 million including subsidiaries). Aeroflot, together with its subsidiaries, ranked 68th internationally.

In 2010, Russia´s President Vladimir Putin tasked Vitaly Saveliev with creating Russia´s first full-fledged airline group. The state transferred a number of regional carriers to Aeroflot´s management, and from these assets the construction of Aeroflot Group began. Following the transformation the Group included Russia´s second biggest airline Rossiya Airlines (created from St. Petersburg-based regional airline Rossiya, as well as Donavia and Orenburg Airlines) and Far Eastern airline Aurora (created out of SAT Airlines and Vladivostok Avia).

Aeroflot has become one of the world´s top 20 airlines and one of Europe´s five largest as early as 2017 (among legacy carriers). In 2018, Aeroflot confirmed its place among the 20 leading airlines worldwide, according to two authoritative global aviation publications, Flight Airline Business and Air Transport World. Over the years Aeroflot airline´s passenger traffic has significantly increased, from 8.6 million passengers in 2009 to 32.8 million in 2017. In total, Aeroflot and its subsidiaries carried a record 50.1 million passengers in 2017.

This year, Aeroflot was named the world´s strongest airline brand for the second time by Brand Finance, the leading independent brand valuation consultancy. Aeroflot´s brand value is growing steadily and today amounts to USD 1.429 billion.

Aeroflot is a recognised premium carrier, holding 4-Star Airline status from Skytrax and a 5-Star Global Airline rating from US aviation association APEX.

Under Vitaly Saveliev Aeroflot has become the largest operator of modern Russian aircraft. The company operates 50 of the latest Sukhoi Superjet 100. In the coming years the Company is expected to take delivery of 50 MC-21. Aeroflot is considering further expansion of its fleet of Russian aircraft.