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Aeroflot minority shareholder appeals refusal to provide him with information

18:32 25/12/2012

MOSCOW, December 25 - RAPSI. Aeroflot airline minority shareholder has filed an appeal against the dismissal of his lawsuit seeking information about the airline's procurement activity, the Moscow Commercial Court told the Russian Legal Information Agency on Tuesday.

In his lawsuit, the shareholder asked the Russian state-controlled airline to provide him with documents from January 1 to April 30 before the Aeroflot Provisions on the Procurement of Goods, Works and Services were posted on the airline's website.

In November, lawsuit was dismissed in full.

Igor Shilovsky, who owns less than one percent of the shares in the company, submitted a request to the Aeroflot for information about the guidelines that the company followed while making purchases before its procurement provisions were approved.

Earlier, the plaintiff asked the airline to provide information about its procurement commission - specifically, whether or not it had been established and who controls its activity. He also asked for purchase documents related to its business activities. He filed the lawsuit after failing to receive a response.

The defendant said in court that the airline fulfilled the requirements and provided the necessary information to the plaintiff.

Information on procurements is openly accessible, the airline added.

In turn, Shilovsky said the company did not provide him with the requested information. He noted that Federal Law No. 223 regulating company procurement activity came into effect in January.

Federal Law No. 223 On the Purchase of Goods, Works, and Services by Specific Legal Entities sets forth the general principles guiding purchases made by state corporations, federal state unitary enterprises, and companies in which the government's stake exceeds 50 percent.

Pursuant to the law, the customer had to approve and publish on their website in the first quarter of 2012 their provisions for purchasing and establishing procurements, as well as their procurement and contract conclusion and execution procedures.

According to the airline's website, the company approved the provisions in April.

Aeroflot is a member of the global SkyTeam alliance and is based at Sheremetyevo airport in Moscow. In 2011, Aeroflot transported over 14 million passengers. The Federal Agency for State Property Management is Aeroflot's main shareholder, with a 51.17 percent stake in the company. Around 15 percent of the shares are held by entities owned by businessman Alexander Lebedev.

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Aeroflot minority shareholder appeals refusal to provide him with information

18:32 25/12/2012 Aeroflot airline minority shareholder has filed an appeal against the dismissal of his lawsuit seeking information about the airline's procurement activity.
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