Business news from Ukraine

Business news from Ukraine

Ukraine plans to resume flights by end of January 2025

8 November , 2024  

Flights at one of Ukraine’s airports, Lviv or Boryspil, will resume by the end of January 2025, Marsh McLennan Senior Partner Crispin Allison said at the 10th Kyiv International Economic Forum (KIEF) in Kyiv on Thursday.
“I think if we’re lucky, in January (2025) we’ll have five or six airlines that want to fly (from Ukraine – IF-U),” Ellison said.
According to him, it will be easier to provide insurance mechanisms for aviation if planes start flying from Lviv airport, but President Volodymyr Zelenskyy insists that Boryspil International Airport should be opened first.
“The president will hate me for saying this, because he is focused on Boryspil, but the initial focus is on Lviv. It’s a seven-minute flight from Poland,” said Marsh McLennan’s senior partner.
He noted that passenger Airbus-320s and Boeing-737s, as well as a small passenger airliner, will require insurance for at least three quarters of a billion dollars.
According to Ellison, the final decision on flights will be made by the Office of the President. It will depend on the work of air defense and the security situation.
“I keep saying that Lviv is much safer than Tel Aviv. People don’t like it when I say that, but I do,” he said.
Earlier it was reported that the Ministry of Communities and Territories Development, with the support of the US Embassy, has developed a roadmap for opening Ukraine’s airspace under martial law.
Together with Marsh McLennan and a pool of insurance companies led by ASCOT, Ukraine has implemented the UNITY ship insurance program, which allows ships to operate in the “sea corridor” from Black Sea ports. The total coverage under the program is $50 million.