OREANDA-NEWS. July 01, 2010. JSC Transaero Airlines held its Annual Shareholder Meeting. Shareholders approved the joint-stock company's Annual Report and the Financial Statement for the previous year.

Transaero’s passenger turnover totaled 18.73 billion passenger-kilometers in 2009 – 7% more than in 2008 and the airline carried more than 5 million passengers - 4% more than in 2008. Transaero also delivered 29,350 tons of cargo, up 21% over 2008.

Transaero has significantly strengthened its positions as the second largest passenger airline in the Russian Federation and the largest leisure carrier in the country. Transaero's market share in Russia's overall passenger turnover for 2009 has grown from 14.3% to 16.7%.

In 2009 Transaero’s revenue from operation and services comprised 38.654 billion rubles, 3.3% more than in 2008. The revenue from sales amounted to 3.533 billion rubles – 93% more than in 2008. Net profit for 2009 came to 393.128 million rubles – 259.3% more than for 2008.

In comparison with 2008, all operational and financial indicators have experienced positive growth. The company has once again realized a new standard in continuous improvement by achieving record breaking results.

The carrier has confidently navigated the global financial crisis and demonstrated its potential to develop successfully in both favorable and tough economic environment.

In 2009 Transaero launched 12 new domestic routes and enlarged its fleet with seven new aircraft. The company has avoided job cuts completely and even created 500 new jobs for industry professionals from cities all over Russia who have lost their jobs as a result of the bankruptcy of local carriers.

The Annual Shareholder Meeting voted on revenue distribution. Dividend payout for Transaero shareholders will comprise 30.77 million rubles – 4 times more than in the previous year's 7.692 million rubles. Payout for one share with a face value of 1 kopek will be 20 kopeks. Last year's payout for one share with a face value of 1 ruble was 5 rubles. More than 350.1 million rubles were directed to canceling outstanding losses of previous years. 12 million rubles were directed to the Company Development Fund. This Fund provides assets for the company's charitable activities and the provision of additional social support for airline employees.

A total of 8 members were elected to the Board of Directors of JSC Transaero Airlines at the Annual Shareholder Meeting, including T. Anodina, G. Zaitsev, I. Mazalov, A. Pleshakov, O. Pleshakova, L. Khasis, O. Chernov, and B. Shubnikov. Three individuals were elected to sit on the joint stock company's Revision Commission. JCS Transaero Airlines voted to retain the audit services of RSM Top Audit LLC.