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Published on : Tuesday, November 19, 2013
“We are pleased to be among first five companies selected as the basis for the Transportation Index calculation,” said UTair Aviation Financial Director Igor Petrov. “UTair’s inclusion in Index demonstrates the high potential of the airliner’s stock and the emergence of this transparent and user-friendly market analysis tool will allow us to expand our investor base.”
“The Moscow Stock Exchange Indices have been supplemented with an important new indicator – the Transportation Index,” said Moscow Stock Exchange Indices and Market Data Department Director Sergey Golovanov. “For the issuer, presence in the Index calculation base is a confirmation of its maturity, the quality of its shares and their investment attractiveness.”
The Moscow Stock Exchange Transportation Index is calculated both in rubles (MICEXTRN) and USD (RTStn) and includes shares of transport industry issuers meeting specific requirements in terms of capitalization, liquidity and free-float. The new Index includes shares of transport companies which are already included in Moscow Stock Exchange Broad Market Index calculation base.
The Transportation Index is the third indicator with UTair shares in its calculation base. The company has also been included in the Moscow Stock Exchange Broad Market Indexsince last September and in the ‘second echelon’ shares Index since December 2012.
UTair Aviation ranks among the top three Russian airlines. In 2012 UTair aircraft transported 8,582,681 passengers. The airline’s fleet consists of more than 150 aircraft. The airline maintains its central hub at Vnukovo International Airport in Moscow, from which it performs more than 100 daily flights to 110 destinations.