Business news from Ukraine

BORYSPIL AIRPORT SEEKS TO OPEN TERMINAL F BY MAY 2019

The Boryspil international airport (Kyiv) plans to launch Terminal F by the start of the summer navigation of 2019, First Deputy Director General of the airport Yevhen Dykhne said at a press conference on Wednesday.
He does not link the opening of this terminal with the start of the largest European low cost airline Ryanair in the airport.
“The Boryspil airport exhausted its potential in the peak loading, and Terminal F will be opened by summer navigation of 2019,” he said.
Earlier the airport head, Pavlo Riabikin, said that if Ryanair flies at least 15 flights a day, mothballed Terminal F would be opened.
“We are preparing for this and, first of all, this is linked to our calculations regarding the increase in passenger traffic. The second important factor is that at peak hours we reached the largest throughput in Terminal D and can no longer provide services to airlines that order slots for peak time. We already refuse airlines in provision of slots, which means that the capacity of Terminal D is not enough,” Dykhne said.
He also said that those airlines that fly at peak times, but do not participate in the transfer program of the airport and do not provide transit passengers, will be transferred to Terminal F.
“We will try to focus Terminal D on our hub operation model. As for those airlines that do not participate in the transit, we will offer them a transfer to Terminal F,” Dykhne said.
He also recalled that it was agreed that after the opening of Terminal F, Ryanair flights will be transferred to this terminal.
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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UKRZALIZNYTSIA WILL LAUNCH HIGH-SPEED RAIL LINE TO BORYSPIL BY DEC 1

The construction of a high-speed railway line to Boryspil airport will be completed by December 1, according to the Government Portal website.
“The object will be commissioned by December 1. The construction has started. Now we will finally agree on the type of station,” Acting Chairman of PJSC Ukrzaliznytsia Yevhen Kravtsov said during a meeting with Prime Minister Volodymyr Groysman.
“It is important to complete the project by December 1 and provide alternative transport to passengers to get to the airport or from the airport through the city and other cities of Ukraine,” Groysman said.
According to the construction project, the line will be built from the Kyiv-Pasazhyrsky station through the Vydubychi station to Terminal D at Boryspil airport. The estimated travel time is 35 minutes.
The rolling stock to be used on the line is 11 PESA 620m trains for 91 seats and two PESA 630m trains with 192 seats.

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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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INTERNATIONAL AIRPORT BORYSPIL INTENDS TO BOOST PASSENGER FLOW BY 19%

State-owned enterprise (SOE) Boryspil International Airport (Kyiv), the largest airport of the country, plans to service 12.55 million passengers in 2018, which is 19% more than in 2017, when 10.555 million people were serviced. This is outlined in a financial plan of the airport approved by the Cabinet of Ministers of Ukraine on April 11 and a copy of which has been sent to Interfax-Ukraine.
According to the document, this year the airport seeks to boost passenger flow on international routes by 16.8%, to 11.31 million and on domestic routes – by 42.7%, to 1.24 million people.
“The decrease in the airport fees in the Boryspil airport since June 2017 and the introduction of a program to stimulate growth in volumes by the number of carriers allow us to maintain high growth rates of passenger traffic,” the airport said in an explanatory note to its financial plan.
In 2018, the Boryspil airport plans to serve 101,466 flights, which is 16% more than in 2017. The number of international flights is planned at 89,363 (17.6% more), domestic – 12,103 (5.4% more).

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BORYSPIL AND LVIV AIRPORTS SIGN CONTRACTS WITH IRELAND’S RYANAIR

Boryspil (Kyiv) and Lviv international airports have signed agreements on the start of flights to Ukraine with Ireland’s low cost airline Ryanair. An Interfax-Ukraine correspondent has reported that Ryanair CEO Michael O’Leary signed the agreements with Director General of the Boryspil airport Pavlo Riabikin and Director General of Lviv airport Tetiana Romanovska on Friday at the Boryspil airport in the presence of Ukrainian President Petro Poroshenko.
The airline has started selling tickets for Ukrainian flights in its booking system.
Poroshenko said that Ryanair will start flying in October 2018 and will launch flights to 10 destinations from Kyiv and five from Lviv.
The Ukrainian president said that the arrival of the airline to Ukraine is the seal of quality of investment climate. He said that the tickets for Ukrainians will be cheaper than EUR 40 and the airline seeks to carry 1 million Ukrainians in the first year of its operation.

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