OREANDA-NEWS. January 13, 2011. UTair board members have held a meeting to consider the company’s budget for 2011.

According to the 2011 production plan more than 7 million passengers are expected to fly UTair, which means a 40 per cent growth compared to 2010. This result will be reached due to the further investments in network expansion and fleet modernization.

UTair aircraft will have logged nearly 347.3 thousand hours. More than 100 aircraft and 200 helicopters of different types and classes will be used to accomplish the company’s production plan.

Helicopter operations will be carried out in Russia and 10 foreign countries; helicopter service export is expected to increase by 6.5 per cent. In 2011, UTair plans to increase revenues from core operations up to RUB 50 billion, which is 32 per cent more than in 2010.

The presented budget project was confirmed by the board meeting and accepted for implementation in 2011.

Preliminary results of 2010 and planned operations for 2011 demonstrate UTair Aviation’s steady growth and rapid development. The company’s high performance is achieved by its shareholders, management, and, first of all, its professional staff. In 2011, the airline will focus on its strategic objectives – conquering new markets in Russia and abroad, further fleet modernization and corporate structure optimization.