OREANDA-NEWS. February 02, 2011. According to the preliminary results UTair Aviation demonstrates steady growth of financial indicates.

The company’s earnings from all lines of business in 2010 is expected to be on the level of 40 bln roubles. The growth in comparison with 2009 is more than 20 %. EBITDA (Earnings before Interest, Taxation, and Depreciation) increased 7% in comparison with 2009 and composes 3.4 bln roubles. It is expected that according to the results of 2010 cover ratio of EBITDA financial charges in comparison with 2009 will increase 0.4 points and constitute 1.7 points. Net leverage (net debt/EBITDA) in 2010 stood at 5.4 points, which is more than total score of 2009.

Competent and reasonable investment policy of recent years allowed to significantly increase operational cash flow that is directed to further financing of investment projects and paying off short-term credits. As a result of that the fleet was extended with 25 new aircraft (Boeing 757-200, Boeing 737-400, Bombardier CRJ 200, L-410, and Challenger 300) and 39 helicopters (Mil-8, Mill-171, Eurocopter AS-350, and Robinson R-44). According to the results of 2010 the level of financial debt is 18 bln roubles, which is 15% less than in 2009. Furthermore, the structure of loan portfolio improved significantly, in which short-term credit share constituted 10%.

UTair is the leading company in the world in terms of volume and weight-lift ability of its helicopter fleet, which is composed of more than 250 rotor wings of all classes. The company enters the TOP-4 list of Russian carriers occupying the second place in number of passengers carried on domestic routes. UTair Aviation employs 13 thousand high-class specialists.