Business news from Ukraine


Ukraine International Airlines (UIA, Kyiv) considers a priority issue of debt restructuring to state-owned enterprises – Boryspil airport (Kyiv) and UkSATSE. “Debt restructuring for me is one of the priority tasks. On this issue, we are in the negotiation process with the state, and I see that there is a political will for a mutually beneficial solution,” CEO of the airline Yevhen Dykhne said in an exclusive interview with Interfax-Ukraine.
According to him, now the issue of the consolidated position of the state on granting powers to the leaders of Boryspil airport and UkSATSE is being worked out.
“They should receive additional powers as an act of goodwill on the part of the state to meet airlines halfway in stopping fines, penalties and restructuring debts, because today, they do not have such a right as heads of state-owned enterprises. We also need political will, which should be formalized into a government decision,” Dykhne said.
According to him, at present, UIA has disputes in courts totaling almost UAH 1.5 billion with UkSATSE and almost UAH 800 million with Boryspil airport.
“We are talking with businesses and with the government about a five-seven-year repayment schedule, because we cannot talk about another restructuring, we cannot deceive anyone. We are talking about a situation that we can serve. Our proposed audit as an attachment to this restructuring shows our ability to pay,” the CEO of UIA said.
According to Dykhne, during his work at the company neither in 2020 nor in 2021 there was no increase in debts to these state-owned enterprises, since the airline began working with them on a prepayment basis.

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Boryspil International Airport in January-February 2021 reduced passenger traffic to 672,100 people, which is 65.5% less than in January-February 2020.
As the press service of the airport told Interfax-Ukraine, on international flights, in particular, passenger traffic amounted to 606,500 people (less by 66.2%), on domestic – 65,600 people (less by 57.4%).
In February 2021, passenger traffic amounted to 338,300 people (less by 62.4%), of which on international flights – 305,500 people (less by 63.1%), and on domestic flights – 32,800 people (less by 55.1%).
According to the press release, in general, in January-February 2021, the airport served 6,648 flights (less by 54.5%) for arrival/departure, including international – 5,185 flights (less by 59.4%), and domestic – 1,463 flights (less by 21%). At the same time, in February, the number of serviced flights was 3,168 (less by 54.4%) for arrival/departure, including international – 2,477 flights (less by 58.9%), and domestic – 691 flights (less by 24.6%).
The volume of cargo handled by the airport in two months of 2021 decreased by 15.8%, to 5,700 tonnes.
From arrival flights, 4,067 tonnes were handled (6.6% less than in the same month of the previous year), and for departure flights – almost 1,626 tonnes (32.4% less). At the same time, only 101 kg (97.4% less) on arrival and 779 kg (94.8% less) on departure were handled on domestic flights. Everything else is international.
The volume of serviced mail amounted to 968.3 tonnes, which is 37.8% less than in January-February 2020. The volume of arrived postal items decreased by 58.3% (to 410.1 tonnes), and the number of postal items sent from Ukraine decreased by 2.7% (to 558.2 tonnes).
Boryspil International Airport is the largest airport in Ukraine with a total occupied area of about 1,000 hectares. It has two runways: the one is 4,000 meters long and 60 meters wide, the second is 3,500 meters long and 63 meters wide. There are four passenger terminals and a postal and cargo complex on its territory.

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The Indian vaccine Covishield, the delivery of which to Ukraine was negotiated by Minister of Health Maksym Stepanov, will arrive at Boryspil airport in the morning of February 23, Deputy Head of the President’s Office of Ukraine Kyrylo Tymoshenko has said.
“Tomorrow morning the vaccine will arrive. This is information from the Ministry of Health and information from a logistics company. In the morning tomorrow the plane will be in Boryspil. This is the first batch that will be next. The next delivery is within a week or ten days, as I understand it,” Tymoshenko said in the Svoboda Slova (Freedom of Speech) program on the ICTV television channel on the evening of Monday, February 22.
He also said “the controversies that were in different studios can already be finished,” answering the question of the presenter “What is the optimism of the deputy head of the President’s Office based on that the vaccine will really arrive, given that the supplies of AstroZeneca and Phizer, which should to be in Ukraine on February 15 and 16, are they delaying?”
According to Tymoshenko, as soon as the plane arrives, the first batch of vaccine will be delivered to a logistics warehouse, from which it will be delivered to some regions on the same day, and then the first stage of vaccination with mobile groups starts. As reported, doctors who work with patients with coronavirus (COVID-19) will be the first to be vaccinated.



Boryspil International Airport (Kyiv) in 2020 reduced passenger traffic by 66.2% compared to 2019, to 5.158 million people.
The press service of the airport told Interfax-Ukraine that 4.69 million people on international flights were serviced (a decrease by 66.9% compared with the last year), and 468,100 on domestic flights (57.3% less).
The number of arrival/departure flights serviced by the airport in 2020 amounted to 46,850 (57.7% down), including 38,376 international flights (60.6% down), and 8,470 domestic one (36% down).
The number of cargo handled by the airport in 2020 fell by 10%, to 37,790 tonnes, while in December 2020 the airport handled 4,273 tonnes of cargo.
In December 2020, Boryspil’s passenger traffic decreased by 69.3% compared to December 2019 and amounted to 323,700 passengers. At the same time, 286,500 people were serviced on international flights (70.6% less), 37,200 on domestic one (53.8% less).
The number of arrival and departure flights in December 2020 amounted to 3,575 (54.2% down), including 2,728 international flights (60.3% down) and 847 domestic flights (9.4% down).

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European Investment Bank to issue EUR 270 mln loan to state-owned Boryspil airport to improve infrastructure and expand capacity

The European Investment Bank (EIB) will allocate EUR 270 million to the state-owned enterprise Boryspil International Airport for the implementation of an investment plan to improve infrastructure and expand capacity.

According to a posting on the bank’s website, the board of directors approved the project on December 16 this year.

The EIB document states that the total cost of this project is approximately EUR 351 million, but other sources of co-financing are not specified.

According to the financial institution, this operation is covered by the EU guarantee for EIB loans outside the EU, and the organizer of the work must ensure that any procurement procedures are carried out in accordance with the EIB procurement guidelines and EU public procurement rules.

“Major works include the rehabilitation of the western airfield system, including the western runway (18R-36L), which has been operating for more than 50 years and is in poor condition, the associated parallel taxiway, the airfield ground lighting and the instrument landing systems, plus a range of other associated airside infrastructure works,” the bank said on its website.

As reported, earlier the Ministry of Infrastructure offered the EBRD to participate in financing the Boryspil airport investment plan.



Passenger traffic at Boryspil International Airport decreased by 65% in January-October 2020 and amounted to 4.53 million people.
As the airport said on its Facebook page on Monday, the number of transfer passengers decreased by 84.9% to 435,500, the number of flights by 57.9% to 39,800.
In October 2020, the airport served 472,500 passengers (less by 67.3%), of which 17,400 (84.9% less) were transfer.
The number of flights was more than 4,300 (56.9% less) in the past month.
As reported, Boryspil International Airport in 2019 increased passenger traffic by 21.1% to 15.260 million people compared to 2018.
Boryspil International Airport is the largest airport in Ukraine with a total occupied area of about 1,000 ha. It has two runways: the one is 4,000 meters long and 60 meters wide, the second is 3,500 meters long and 63 meters wide. There are four passenger terminals and a postal and cargo complex on its territory.

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