print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all UTair press releases

UTair

April 5, 2005

UTair to present its new subsidiary – UTair SA – in South Africa on Cosmonautic’s Day

Khanty-Mansiysk. On April 12, Russia’s Cosmonautics Day, which commemorates the world’s first manned space flight, UTair Aviation (UTair Aviation, JSC) will hold the presentation and official opening of its subsidiary, based in the Republic of South Africa, - UTair South Africa (UTair SA). The event will take place in Cape Town.

During the presentation, it is planned to show Mil helicopters, as well as to hold working meetings aimed at expanding the company’s activities in South Africa.

Heads of UTair and UTair SA, the Mil Moscow Helicopter Plant, the Kazan Helicopter Plant as well as Russia’s aviation authorities will attend the ceremony.

In addition, among the presentation’s participants will be representatives of the South African transportation ministry, Russia’s embassy to South Africa, as well as present and potential UTair clients.

According to UTair general director Andrey Martirosov, the airline is interested in developing its helicopter business in the Republic of South Africa. “We have carried out serious preparations to establish UTair SA, and we already now have positive results,” he said. “It is obvious that we were right in choosing the country and the region for creating the first subsidiary within the framework of establishing an international helicopter holding,” Martirosov underlined.

Moreover, he commented that UTair was carrying out serious work to choose a European country for establishing an aviation subsidiary in Europe. “We are carefully studying the laws of several European countries and the condition of their aviation markets. We hope to make a decision this year,” Martirosov said.

At present, five helicopters of UTair Aviation are based in South Africa. They are used for extinguishing forest fires and other purposes.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer