Business news from Ukraine

KYIV INTERNATIONAL AIRPORT SEES 50% RISE IN PASSENGER FLOW IN Q1 2018

The Sikorsky Kyiv international airport (Zhuliany) serviced 442,000 passengers in Q1 2018, which is 50.4% more than in Q1 2017. The airport’s press service told Interfax-Ukraine that the number of passengers serviced at the international flights totaled 423,900 and on domestic flights – 18,100. The number of flights in Q1 2018 totaled 5,499 (arrivals and departures), which is 23.3% more than a year ago, including 4,519 international flights and 980 domestic flights.
The most popular international destinations in the first quarter of 2018 are Dubai (the UAE), Minsk (Belarus), Ankara (Turkey), Warsaw (Poland), Budapest (Hungary), Memmingen (Germany), Rome (Italy); and internal – Odesa, Zaporizhia and Lviv. Kyiv International Airport (Zhuliany) 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 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.

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GOVERNMENT APPROVES FINANCIAL PLAN OF BORYSPIL AIRPORT

The Cabinet of Ministers of Ukraine has approved a financial plan of state-owned enterprise (SOE) Boryspil International Airport (Kyiv), the largest airport of the country, for 2018 with the projected net profit of UAH 1.388 billion. This is outlined in a government resolution passed at a meeting on April 11, 2018, a copy of which is available to Interfax-Ukraine.
According to the document, net revenue in 2018 is planned in the amount of UAH 3.93 billion, gross profit – UAH 2.156 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) – UAH 2.473 billion, and EBITDA margin – 69.9%.
Pretax profit could be UAH 1.695 billion, payments to the state – UAH 1.923 billion and capital investment – UAH 2.263 billion.
Boryspil International Airport is the main airport of Ukraine. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo complexes are located on the territory of the airport.

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