Ingosstrakh-Investments and Sibir Airlines Announce Cooperation Agreement


Igor Kurtepov, Deputy General Director of Ingosstrakh-Investments, says: “Our first successful project was the inclusion of Sibir Airlines bonds in the “B” list of the Moscow Interbank Currency Exchange (MICEX). Ingosstrakh-Investments consulted on the project. The listing of securities at a certain level is considered to be a testimony to their reliability and attractiveness for investors. That the company’s bonds are listed by leading Russian stock exchanges is also a testimony to the transparency of its business, high capitalization and successful strategy.”

Ilya Alexandrovsky, Financial Director of OAO Sibir Airlines, says: “We’ve seen very good results in our cooperation with Ingosstrakh-Investments, which is certainly one of the most dynamic companies working on the financial market. With the support of Ingosstrakh-Investments we continue to build our public history and do not plan to rest on our laurels.”

OAO Sibir Airlines (the S7 Airlines brand) is the largest airline on Russia’s domestic routes and one of the top 50 world air carriers in this segment.

In 2007 the company received an official notification from the International Air Transport Association (IATA) about the airline’s certification in that organization, becoming the second carrier in Russia to successfully pass the IATA Operational Safety Audit.

S7 Airlines is one of Russia’s most stable airlines, incorporating the latest achievements of the world industry in the servicing of passengers and actively expanding its service. S7 Airlines won the annual national “People’s Brand / Brand No. 1 in Russia” prize in 2007.

Ingosstrakh-Investments won the Financial Olympus 2007 prize in the Dynamics and Efficiency category and the 2007 Russian Collective Investments Market contest. Ingosstrakh-Investments received an “A++” reliability ranking from Expert Ranking Agency, the highest ranking for reliability and quality of services. For the year 2007 Kommersant Dengi magazine ranked the company among the 3 most dynamic companies and among the 3 best insurance companies.