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IATA CODE: UT
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ACCURACY (departures): 16,22 (avrg. delay, minutes)
ACCURACY (arrivals): 46,68 (avrg. delay, minutes)
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UTair Aviation completes 2010 IFRS Consolidated Financial Reporting

UTair Aviation has completed its annual IFRS report for 2010. The preparation of the IFRS report and its audit are an important element of UTair's transparency policy and its attractiveness for investors. According to the report, UTair Group revenues rose by 33% in over 2009, amounting to 44.4 billion rubles. Operational income increased to 3.15 billion rubles.

In 2010 the Group’s EBITDA grew 53%, which significantly improved its consolidated leverage coefficient from 6.4 to 4.4 points. EBITDAR also shows significant growth from more than 7.05 billion rubles in 2009 to 9.89 billion rubles in 2010. Net leverage (net debt /EBITDAR) constituted 2.7 points against 3.6 points for the same period in 2009.

The value of Group’s assets constituted 43 billion rubles, 28 billion of which are the main funds of UTair Group.

Operational cash flow figures also showed growth in 2010, constituting 2.9 billion rubles, exceeding 2009 figures 39%.

Internationally recognized audit firm KPMG provided audit services for the UTair Group. International accounting reports for UTair Aviation are available on the company’s web-site



UTair Aviation completes 2010 IFRS Consolidated Financial Reporting
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Date modified: 08.08.2011

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First group of pilots complete Eurocopter programs at UTair Training Center

The UTair Aviation’s Training Center, under license from Eurocopter to train pilots and engineers in the operation of Eurocopter helicopters, has completed the first wave of training of three groups of pilots for operations with AS350 and AS355 helicopters. Eurocopter is the world’s leading helicopter manufacturer and the AS350 and AS355 are the most popular light helicopters.  >>>


UTair guarantees fuel supply in Moscow airports

UTair Aviation General Director Andrey Martirosov, commenting on the issue of possible jet fuel shortages at Moscow airports as reported in the media, has assured UTair passengers that the airline will have sufficient fuels supplies to conduct operations. ''All UTair flights serviced at Vnukovo and Domodedovo International Airports in Moscow remain as scheduled and will run on time,” he said.  >>>


UTair confirms a planned order of 20 AW139 helicopters

During MAKS-2011 air show UTair Aviation (the largest helicopter operator in Russia and one of the largest in the world), Russian Helicopters (subsidiary of JSC UIC Oboronprom, part of Russian Technologies State Corporation) and AgustaWestland (a Finmeccanica company) have signed a Memorandum of Understanding for a planned order of 20 AW139 helicopters to be assembled in Russia.  >>>


UTair named the most punctual airline in Domodedovo

In July 2011 Domodedovo International Airport named UTair Aviation the most punctual airline among client airlines served by the airport. UTair Airlines emerged with 72.8% of its regular flights on schedule. UTair performed 100 of the 249 flights from Domodedovo in July among the airlines of Russia and CIS. The airline's superior reliability is a result of its precision scheduling efforts and the professional finesse of its service teams directly responsible for the organization of passenger transportation, as well as the strategic activities of the airline aimed at ensuring flight regularity. Included among these activities are daily flight monitoring and flight plan management by UTair’s Mission Control Center and the integration of operational procedures based on modern air transport technology in areas such as flight coordination, strategic fleet logistics and others. UTair has invested significantly in modernizing its fleet and MRO technology. Flight regularity represents the ratio of flights perfo  >>>


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UTair receives delivery of two Boeing 737-800

UTair Aviation has received another two mid-range next generation Boeing 737-800 aircraft from the Boeing facility in Seattle. The aircraft, configured with the new Sky Interior, come on schedule as part of 10 such aircraft expected this year. The number of Boeing 737-800 NG aircraft in the UTair fleet now totals seven, four with Sky Interior modifications. UTair expects to have the remaining 737-800 NGs in its fleet by the end of the year.  >>>


UTair Aviation and Russian helicopters sign contract for delivery of 40 new Mil-171 helicopters

On August 17 at the MAKS International Air Show in Zhukovsky, UTair Aviation and Russian Helicopters, a part of United Industrial Corporation Oboronprom, signed a contract for the delivery of 40 Mil-171 mid-sized helicopters. Deliveries are expected to begin in 2012.  >>>


UTair receives delivery of new Eurocopter helicopters

UTair Aviation has received the first of 20 light AS350 B3 helicopters at the Eurocopter facility in Marignane, France, in line with the contract signed in fall 2010.  >>>


UTair launches daily flight to Minsk

Continuing to develop its international route network, UTair Aviation has announced its new daily flight connecting Moscow and the Belarusian capital Minsk starting September 1, 2011.  >>>


UTair Aviation completes 2010 IFRS Consolidated Financial Reporting

UTair Aviation has completed its annual IFRS report for 2010. The preparation of the IFRS report and its audit are an important element of UTair's transparency policy and its attractiveness for investors. According to the report, UTair Group revenues rose by 33% in over 2009, amounting to 44.4 billion rubles. Operational income increased to 3.15 billion rubles.  >>>



 
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