Results of the experimental research on gas hold-up, power consumption for liquid phase and gas-liquid systems, and on residence time of the gas bubbles are presented in the paper for an agitated vessel with a turbine impeller. Distilled water or aqueous solutions of NaCl were used as the liquid phase. Air was dispersed into liquid as the gas phase. The studies were carried out in an agitated vessel of the inner diameter D = 0.634 m. Tubular baffles of the diameter of 0.7D, consisting of 24 vertical tubes of the diameter of 0.016D, were located inside a flat-bottomed tank. Turbines with six blades and the pitch of 90A degrees, 60A degrees, or 45A degrees, respectively, were used for agitation. Measurements were carried out in the range of good dispersion of gas bubbles in the liquid within the turbulent regime of the liquid flow. Effects of the gas bubbles capability to coalesce on the gas hold-up, residence time of the gas bubbles, and power consumption were analyzed. Results of the power consumption (P (G-L) /P (o) = f (1)(Kg, Fr)) and gas hold-up (phi= f (2)(Kg, We, Y)) were approximated mathematically, using Eqs. (5) and (6), respectively. In Eq. (6), parameter Y was introduced in order to describe the influence of the bubbles capability to coalesce on the gas hold-up. The results of the study show that power consumption does not depend on the capability of bubbles to coalesce, but the pitch of the turbine impeller affects the power characteristics in such a physical system significantly. However, the residence time of the gas phase in agitated liquid depends on the pitch of the impeller blade and on the capability of bubbles to coalesce.