Aeroflot Airlines

Established in 1994, Aeroflot, with its history dating back to the dawn of civil aviation in the Soviet Union in 1923, has traditionally been carrier #1 in the USSR and, later, Russia. Joint stock company Aeroflot - Russian Airlines has become the legal successor of Aeroflot -Russian International Airlines in accordance with the decision taken at the company's annual shareholder meeting on June 24, 2000 to change the company's name. Aeroflot became a public company in 1995. The Russian Government owns 51% of Aeroflot's stock, with the rest owned by major Russian and Western institutional investors, as well as individual shareholders. In March 2000 Aeroflot announced that 20% of its shares, securitized in the form of Level I Global Depositary Receipts, will begin trading on international stock markets. With more than five million satisfied passengers, Aeroflot is proudly carrying on the great tradition of Russian aviation.