Aeroflot was founded in 1923. Today it is the largest airline in Russia, which according to the company, holds a market share of approximately one-quarter and operates flights to a total of 125 destinations in 70 countries. The company employs over 15,000 employees. In 2000, Aeroflot transported 5.1 million passengers and 107.5 thousand tonnes of freight. In 2003, Aeroflot hopes to become a full member of the Sky Team alliance founded by Air France (further information on Aeroflot and a description of the business year 2000 are available at www.newex.com).
A share of 51% of the company are state owned , 34% are held by international and Russian institutional investors, 15% are owned by employees. The total market capitalization of Aeroflot is approximately USD 300 million. The 20% securitized in the form of Global Depository Receipts (GDRs) will be traded in NX.plus, the dual listing segment of NEWEX, in the Unregulated Market pursuant to Art. 69 Stock Exchange Act . The listing requirements of the Stock Exchange Act applicable to issuers of stocks on the Official Market or Semi-official Market do not apply to the Unregulated Market.. Raiffeisen Zentralbank Österreich AG will act as the liquidity provider, i.e. as a market maker with special obligations for Aeroflot stocks.
This will add a further blue chip stock to the mix of attractive companies in the quality segment NX.plus. " By listing on an international exchange, Aeroflot is taking advantage of the key function of NEWEX: access to international capital and investors through a central trading and financing platform", so the Management Board of NEWEX.
