OREANDA-NEWS. September 26, 2012. Russian rating agency Expert RA has ranked UTair-Finance bonds BO-01, BO-02, BO-03, BO-04, BO-05, BO-06, BO-07, BO-08, BO-16 and 4- 05 as A+, describing their quality as having 'a very high level of credit worthiness.' The agency has forecast the company outlook as 'stable.'

The rating was supported by UTair's positive UTair position on the market, the high level of diversification of its business and accounts payable, the significant increase in the volume of the company's assets and high level of liquidity.

UTair-Finance is a subsidiary of UTair Aviation. UTair Finance was created in order to develop and implement investment activity for the parent company. The volume of the company's bonds in circulation today amounts to 14.5 bln rubles, all issues listed at A1 level.

UTair Aviation ranks among the top three Russian airlines. In 2011 UTair aircraft transported 6,750,425 passengers. In January-June 2012 UTair Group serviced 40.9% more passengers than for the same period of 2011. In 2012 the airline expects an increase in transport volumes up to 10 million passengers. The airline operates more than 200 fixed wing aircraft and performs flights to 110 destinations in Russia and aboard. The airline maintains its central hub at Vnukovo International Airport in Moscow, from which it performs 100 flights daily.