OREANDA-NEWS. September 23, 2010. The Board of Directors of JSC ‘Aeroflot’ held its regular meeting, reported the press-centre of Aeroflot.

The Board considered the program of tourist journeys in winter 2010-2011 and the current state of and prospects for relations between ‘Aeroflot’ and the ‘Rostekhnologii’ state corporation.

The Board approved the proposal made by the Company’s management board to cease participation of JSC ‘Aeroflot’ in OJSC ‘’Moskva’ Insurance Company’ and sell 100% of shares of the insurance company to OJSC ‘Alfa Strakhovanie’. OJSC ‘’Moskva’ Insurance Company’ is Aeroflot’s full subsidiary and, being a non-core asset, requires significant investments. Based on this, it was decided to sell this subsidiary.

The Board also considered the report on the progress in fulfillment by JSC ‘Aeroflot’ and OJSC ‘MASh’ of the obligations stipulated by the Master agreement between the two companies and amendments and attachments to that agreement. The Master agreement between JSC ‘Aeroflot’ and OJSC ‘MASh’ aims at improving quality of services offered by Aeroflot at the base airport. It also stipulates enhancing security, boosting regularity of Aeroflot’s flights, and improving standards of serving passengers and handling baggage.