Business news from Ukraine

KYIV SIKORSKY AIRPORT PLANS TO BOOST PASSENGER TRAFFIC BY 30% NEXT YEAR

Kyiv Sikorsky International Airport (Zhuliany) in 2019 plans to boost passenger traffic by 25-30% compared with the current year, when it plans to serve 2.6 million people. “We plan passenger traffic will grow by about 25-30% next year from the current level,” Chairman of the airport’s Board of Directors Denys Kostrzhevsky said at a conference at the airport. The previously announced forecast for 2018 set at 2.8 million passengers was reduced because flydubai (the UAE) had switched flights to another airport while the density of the schedule of Estonia’s Nordica had decreased.
As reported, Kyiv Sikorsky International Airport plans to complete the reconstruction and expansion of its main Terminal A from 14,000 to 23,500 square meters by until May 2019. The project is estimated at UAH 630 million.
Kyiv Sikorsky International Airport is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic.
The airport has three terminals with a total area being 21,000 square meters. The airport’s runway is able to handle B-737 and A-320 aircraft.
In the nine months of 2018, the airport serviced 2.165 million passengers, which was 57.3% up on January-September 2017. In September 2018 alone, passenger traffic grew by 30.6%, to 307,500 people.

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BUSINESSMAN VASYL KHMELNYTSKY’S UFUTURE GROUP TO INVEST IN RECONSTRUCTION OF KYIV SIKORSKY AIRPORT’S TERMINAL UAH 630 MLN

Businessman Vasyl Khmelnytsky’s UFuture Group plans to complete the renovation and expansion of Terminal A, which is the main terminal of Kyiv Sikorsky International Airport (Zhuliany), from 14,000 to 23,500 square meters by May 2019, the project is estimated at UAH 630 million.
“We are building a new [terminal] not to increase the number of passengers, but to create comfort for those who fly,” the businessman said at a press conference on Thursday, explaining that often one time slot at the airport can be shared by seven low-cost airlines.
He says the airport’s throughput capacity, which is about 700 people per hour, can double.
Construction works at the airport began two months ago, Chairman of the airport’s Board of Directors Denys Kostrzhevsky said. The runway will not be closed for the period of the works at the terminal.
“The existing runway is good enough, its warranty is valid. We are not going to overhaul it, sometimes we fix something, improving some processes,” Khmelnytsky said.
Both own reinvested funds of the managing company and loans are the source of financing of the works, Kostrzhevsky said.
Khmelnytsky says that the payback period of investment in the expansion of Terminal A is expected to be from eight to nine years. UFuture invested more than UAH 2.5 billion in the airport’s complex in seven years.
He also said that he was considering the possibility of building a low-priced hotel and hangars next to Terminal A, but it might happen no earlier than the end of its reconstruction.
“Our resources are not unlimited. First, we will build the terminal. I hope we will launch it. It will give us a little more income, and we will make estimates proceeding from this,” Khmelnytsky said.
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Vasyl Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovation parks UNIT.City, and LvivTech.City.
Kyiv Sikorsky International Airport is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area being 21,000 square meters. The airport’s runway is able to handle B-737 and A-320 aircraft.
In the nine months of 2018, the airport serviced 2.165 million passengers, which was 57.3% up on January-September 2017. In September 2018 alone, passenger traffic grew by 30.6%, to 307,500 people.
Master-Avia LLC began managing the airport after winning a tender in 2010 and leasing airport property for 49 years.
Khmelnytsky and Kostrzhevsky are the beneficiaries of Master-Avia LLC, according to the state register of legal entities of entrepreneurs, are businessmen. Master-Avia indicates it owns terminals and the apron, while the airfield and the runway are on the balance sheet of municipally owned Kyiv International Airport (Zhuliany).

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PASSENGER FLOW AT ZAPORIZHIA AIRPORT FALLS BY 13% IN SEPT

The Zaporizhia international airport in September 2018 saw a 13% fall in passenger flow year-over-year, to 36,000 people.
Director of the airport Viktor Biskupsky told Interfax-Ukraine that along with the seasonal decrease in activity, the reason for the decline in passenger traffic was the annulment of regular flights in Ukraine by Atlasjet Ukraine, the annulment of flights to Batumi and Tel-Aviv by Ukraine International Airlines (UIA), and the switch to lower capacity planes by airlines on domestic flights (in particular, by UIA).
At the same time, he said that all domestic flights from Zaporizhia are fully filled.
According to the information on the website of the Zaporizhia International Airport, on domestic flights the decline in passenger traffic was 23% (7,300 people), on international flights – 10.4% (2,400 people).
In general, in January-September-2018, the passenger traffic at the Zaporizhia airport amounted to 297,500 people, almost 19% more than last year. On domestic flights, growth was 12.7% – to almost 71,000, on international flights – by 20.9%, to 226,600.
The number of aircraft departures, according to the airport, amounted to 2,434 and increased by 16.5% over the same period last year.

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KYIV INTERNATIONAL AIRPORT (ZHULIANY) PLANS TO INVEST UAH 630 MLN IN RECONSTRUCTION AND TERMINAL AREA EXPANSION

Kyiv Sikorsky International Airport (Zhuliany) is planning to reconstruct the main Terminal A with an area of 14,000 square meters and expand it by 9,500 square meters, estimating investment in this project at UAH 630 million.”The expansion of the terminal area by 9,500 square meters will help double its capacity,” the airport’s press service reported on Tuesday.
The airport’s press service told Interfax-Ukraine that the current airport capacity is about 700 people per hour.
Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven kilometers from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft. In the first nine months of 2018, the airport serviced 2.165 million passengers, which is 57.3% more than in January-September 2017.

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PASSENGER TRAFFIC AT KHARKIV INTERNATIONAL AIRPORT INCREASES TO 88,900 PEOPLE IN SEPT

Passenger traffic at the Kharkiv International Airport in September 2018 amounted to 88,900 people, which is 12% more compared to the same period in 2017, the press service of the airport has reported. The number of international flights in September increased by 9%, domestic – by 26%. Flights to Istanbul, Kyiv, Warsaw, Tel Aviv, Batumi, Dortmund, Katowice, Minsk, Tbilisi, Milan were of the greatest demand.
Kharkiv airport has a runway 2,500 meters long and 50 meters wide. There are two passenger terminals with the capacity of 100 and 650 people on its territory. DCH manages the airport through New Systems AM.

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UAH 1.1 BLN TO BE SENT FOR ODESA AIRPORT RECONSTRUCTION IN 2019

Ukraine’s Infrastructure Ministry has approved the assignment of UAH 1.1 billion in 2019 for reconstruction of the airfield of municipal enterprise Odesa International Airport, including for construction of a new runway with the synthetic covering and taxiways. “The mechanism of financing the implementation of the program approved by the State Agency of Infrastructure Projects of Ukraine allows starting the implementation of the project at once in line with Ukrainian legislation,” the enterprise said in an explanatory note to the financial plan of state-owned enterprise (SOE) Directorate for Construction of Odesa International Airport for 2019.
The financial assistance will be received from the SOE managed by the State Agency of Infrastructure Projects of Ukraine, which was authorized to act as the customer of the state targeted program on development of airports for the period until 2023. According to the explanatory note, the reviewed indicators are UAH 500 million for 2017, UAH 1.179 billion for 2018 and UAH 1.109 billion for 2019. The capital investment in the financial plan for 2019 is planned at UAH 874.25 million. Net profit expected in 2019 is UAH 83,000, and revenue – UAH 13.31 million.
As reported, the Cabinet of Ministers of Ukraine in July 2018 decided to send UAH 253 million to build a runway in the Odesa airport.

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