According to the Corporate Information Disclosure Center, a meeting of Aeroflot’s board of directors is scheduled for July 2.
The state owns a controlling stake in Aeroflot through the Federal Property Management Agency: it owns a 51.2% stake. At the same time, the Ministry of Finance over the past few years has been insisting on a unified approach to dividends by state-owned companies, requiring them to send 50% of net profit under IFRS for payments to shareholders instead of the current 25%. “We must find income to finance our commitments. In addition, the state bought the asset and something must have something from it. And there should be general conditions, ”said Anton Siluanov, head of the department in an interview with RBC.
Against the background of the spread of coronavirus, Russia suspended international air traffic at the end of March.
In early June, the company reported a loss of more than 22 billion rubles. for the first quarter of 2020. In March, due to quarantine, the airline’s passenger flow dropped by 37.4%.
In mid-June, it became known that Aeroflot plans to issue an additional issue in the amount of 80 billion rubles. This was reported with reference to a source by Reuters. According to the interlocutor of the agency, the state can buy shares for 50 billion rubles, and the remaining share will be acquired by VTB and the Russian Direct Investment Fund (RDIF) in equal proportions.
Against the background of reports of a possible additional issue, Aeroflot shares fell 5.13% on June 17, to 85 rubles.