Business news from Ukraine

SKYUP-BOEING $624 MILLION CONTRACT ON SUPPLY OF FIVE AIRCRAFT TO UKRAINE IS DIRECT ONE

22 March , 2018  

A contract on supply of five Boeing 737 MAX aircraft, which the new Ukrainian airline SkyUp (Kyiv) ordered from the Boeing concern, is a direct order of the airline, the press service of the airline told Interfax-Ukraine, answering a question about the mechanism of buying of the planes. “This is the direct order from the airline on supply of planes,” the press service said.
The press service said that information about the source of financing is commercial and confidential.
As reported, on March 20, 2018, SkyUp Airlines announced that the airline and Boeing Corporation had signed a contract for the amount of $624 million for production of five Boeing 737 MAX planes for the Ukrainian airline. Some experts told Interfax-Ukraine that it is likely that these planes will be delivered not directly, but via a leasing company, which is traditional for the aviation market. SkyUp airline was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine LLC belonged to Tetiana Alba and Yuriy Alba, who also own the JoinUp! tour operator.