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UTair

February 18, 2004

UTair Plans Growth in Business Results in 2004

UTair Plans Growth in Business Results in 2004 Khanty-Mansiysk. At a meeting at the end of February the Executive Board of UTair Aviation JSC approved the airline’s business plan for 2004. The Budget Commission had suggested the drafted business plan to the Executive Board.

The airline’s revenues from core operations are expected to reach RUR6.978bn, exceeding the corresponding amount for last year by 24.8 percent.

The main kinds of services for the company in 2004 will remain the servicing of passengers with the use of planes and helicopters in Russia and abroad. For passenger services it is planned to use 14 Tu-154 planes, 20 Tu-134 planes, 11 An-24 planes, 14 Yak-40 planes, 7 Mi-8 helicopters and 3 An-2 planes.

It is planned to carry 1.342m passengers this year, using planes and Mi-8 passenger helicopters. This number will exceed that of 2003 by 4.2 percent.

Nineteen Mi-8MTV helicopters, 5 Mi-26 helicopters and 3 Mi-8T helicopters are to be used for services for UN humanitarian missions and the performance of other international contracts. Additionally, it is planned that the flight time abroad will increase by 48.9 percent to 15,336 hours in 2004 (compared to that in 2003).

The volume of the business program of helicopter services in Russia is 32,014 hours. It is planned to use 53 Mi-8T helicopters, 1 Mi-8PS helicopter, 5 Mi-8MTV and 3 Mi-26 helicopters for its implementation.

The revenues from transportation services will still make up the highest proportion of all revenues (65.1 percent). These revenues will reach RUR4.542bn.
,br> Additionally, the revenues from aviation services abroad (services for UN peacekeeping missions) are to increase by 61.8 percent in 2004 (compared to those of 2003) to RUR 1.421bn (their proportion of all revenues will reach 20.3 percent, compared to 15.6 percent in 2003).

The revenues from aviation services in Russia will make up the remaining 14.5 percent of all revenues. These revenues will amount to RUR1.016bn.

As for the structure of the costs of transportation services, the proportions of the airport charges (22.5 percent) and aircraft fuel (34 percent) are the highest.

The cost of maintenance of flight readiness of aircraft for the provision of aviation services in Russia and abroad makes up 44.3 percent and 18.7 percent of all costs respectively.

Therefore, it is planned to derive a net profit of at least RUR300m.

 

 

 

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