Business news from Ukraine

Business news from Ukraine

“Ukrainian Helicopters” to open branch in Kenya

11 February , 2025  

Ukrainian Helicopters (Kyiv) will establish a branch in Nairobi (Kenya) to carry out aviation activities, including transportation of passengers, baggage, cargo, mail, aviation operations, aircraft maintenance, and aviation personnel training.

According to the minutes of the extraordinary shareholders’ meeting held on February 3 on the airline’s website, the relevant decision was adopted by 100% of the votes.

The shareholders of Ukrainian Helicopters are CEO Volodymyr Tkachenko (91% of shares, 910 votes) and Anton Tkachenko (9%, 90 votes).

The shareholders authorized the airline’s Board of Directors to develop the Regulations on the branch in Kenya, as well as to hire and dismiss its head.

Ukrainian Helicopters, according to its website, is the largest helicopter operator in Ukraine, which has been working in humanitarian, stabilization and peacekeeping programs around the world for more than 20 years. The fleet includes 23 modernized Mi-8MTV-1 universal helicopters.

According to the Clarity Project, in 2023, the airline increased its net revenue by 48% year-on-year to UAH 4 billion 016 million, while net profit fell by 41.5% to UAH 55.13 million.

In January-September 2024, the airline incurred UAH 73.5 million in losses against a net profit of UAH 40.7 million a year earlier, with net income growing by 21.7% to UAH 3.5 billion.

As reported, during Russia’s full-scale invasion of Ukraine, the airline donated more than UAH 228 million in aid, including UAH 167 million to the military.

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