OREANDA-NEWS. On 07 July 2008 was announced, that the annual UTair Aviation shareholders meeting has taken place in Khanty-Mansiysk.

At meeting UTair shareholders approved annual report, annual account, profit and loss statement of the Company for 2007.

According to the annual report data UTair aviation has increased passenger traffic in 2007 by 23.1% in comparison with 2006.

Air company has carried 2,924,993 passengers during 2007, 21.0% more in comparison with 2006.

Airplanes and helicopters flew 197,980 flying hours during reported period, having exceeded 2006 numbers by 17.3%.

Income of OJSC UTair Aviation for 2007 is 21 billion 927 million rubles, 35.4% more than in 2006.

According to the financial performance measures company has received 438 million 71 thousand of net income in 2007—66% above the 2006 numbers.

At meeting shareholders confirmed dividend payment at a rate of 0.228 rubles per share, 65.2% more than in 2006.

New members of Supervisory board and Audit commission of UTair Aviation were elected.

Air company auditors for 2008 were also selected: Rosexpertiza (MRI) for audit of financial and economical activities of the company in accordance with legislative acts of Russian Federation, and Ernst&Young for audit in accordance with international standards of financial reporting.

In 2008 UTair main activities are the passenger traffic with airplanes and helicopter operations in Russia and other countries.

The passenger carriage will be performed with more than 110 airplanes (10 Boeing 737-500, 14 ATR-42, 3 ATR-72, 21 Tu-154, 31 Tu-134, 24 An-24, 8 Yak-40). Company plans to transfer some 4 million passengers during 2008, 36% more than in 2007.

According to the business plan helicopter operations program contains 85,115 hours, 15.2% more than 2007 numbers. The program will be realized with more than 150 helicopters (Mi-8T—89, Mi-8MTV—44, Mi-26—14, BO 105—4, AS 355N—1, AS 350—2, Mi-8PS—2).

IDGC of Centre, JSC Was Included in the Financially Stable Companies Rating