Wizz Air, the Hungarian low cost airline, invested more than $100 million in a new base at Lviv International Airport, which it is planning to open on July 1, 2020, Wizz Air Chief Commercial Officer George Michalopoulos said.
“When we usually open More…
Kyivstar shareholders at an extraordinary meeting on April 28, 2020 made staff changes in the company’s supervisory board.
According to the company, in particular, Yogesh Sanjeev Malik (VEON Chief Technology Officer) and Kirkgez Murat (VEON Group Deputy Chief Financial Officer) were reappointed for three years.
In addition, the company’s shareholders included Alex Kazbegi (VEON Group Chief Strategy Officer), Sergi Herrero (VEON Group Co-Chief Executive Officer) and Kaan Terzioğlu (VEON Group Co-Chief Executive Officer, Board Chairman of Russia’s VimpelCom, previously was the chief executive officer of Turkcell).
At the same time, the shareholders dismissed the head of the supervisory board and removed Kjell Morten Johnsen from the board, and also removed Jacky (Morrissey) Simmonds (VEON Group Chief People Manager) from the supervisory board.
Kyivstar is the largest Ukrainian telecommunications operator. It provides communications and data transfer services based on a wide range of mobile and fixed technologies, including 3G. By the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.
British Cadogan Petroleum Plc with assets in Ukraine in 2019 saw $2.102 million of net loss compared with $1.2 million of net profit in 2018, the company has reported on the website of the London Stock Exchange (LSE) on Monday.
According to the report, operating loss was $2.127 million compared with operating profit of $0.403 million in 2018. Gross revenues fell by 60%, to $5.9 million.
National bank of Ukraine’s official rates as of 05/05/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of May 05
One troy ounce=31.10 grams
Kyiv Sikorsky International Airport has asked the president of Ukraine, the prime minister, the Minister of Infrastructure and the mayor of Kyiv to take a number of measures aimed at providing assistance for its maintenance in connection with quarantine. The corresponding appeal of Kyiv International Airport and Master Avia LLC was posted on the airport’s website.
The authorities, in particular, are asked to provide financial assistance in the amount of UAH 22 million per month for the payment of salaries to employees and to maintain the airfield and the airport in working condition for the period when it stopped working and quarantine is over until a passenger flow reaches 20,000 passengers per month for departure.
It also asks to remove restrictions for Kyiv Airport in terms of performing flights during the suspension of flights, because, as the company explains, at present, preferences for the operation of transport, business aviation and evacuation flights are provided exclusively to Boryspil airport.
They also ask to allocate a targeted subsidy of $15 per passenger to provide discounts to airlines for a period of 1.5-2 years for the resumption of passenger traffic, provide assistance in refinancing a loan in the amount of $28 million at a minimum interest rate and with a long-term maturity, provide land tax benefits for Master Avia LLC and Kyiv International Airport, create a commission to support the aviation industry with the participation of representatives of Master Avia LLC and Kyiv International Airport.
