Business news from Ukraine

UIA RESUMES DIRECT FLIGHTS FROM ODESA TO VILNIUS FROM JUNE 15

Ukraine International Airlines (UIA, Kyiv) from June 15, 2019 will launch direct flights from Odesa to Vilnius (Lithuania).
The press service of the airline reported on Monday that the UIA third-weekly flights will be operated on Wednesday, Fridays and Sundays on modern Boeing 737-800 aircraft. The flight will take one hour and 50 minutes.
UIA offers one-way tickets at the price from UAH 1,530 for Odesa to Vilnius flights, and one-way tickets for Vilnius to Odesa flights at the price from EUR 58 (approximately UAH 1,720 at the current exchange rate).
In general, as reported by UIA, the number of direct weekly UIA regular flights connecting Lithuania and Ukraine will increase from 14 to 17 comparing with the previous year.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.

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UKRAINE INTERNATIONAL AIRLINES WILL START FLIGHTS FROM KYIV TO HAINAN ISLAND, CHINA

Ukraine International Airlines (UIA, Kyiv) will launch direct flights to Sanya (the Hainan Island, China) from June 4, 2019 on a weekly basis.
Starting from June 4, 2019, direct flights between Kyiv and Sanya will be performed on Tuesdays on board Boeing-767-300 aircraft with two classes of service: business and economy.
In the opposite direction, flights will be operated on Wednesdays, travel time is about seven hours.

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UKRAINE INTERNATIONAL AIRLINES LAUNCHES FLIGHTS FROM KYIV TO IZMIR FROM JUNE 15

Ukraine International Airlines (UIA, Kyiv) from June 15, 2019 will launch direct flights from Kyiv to Izmir (Turkey).
The press service of UIA reported that flights between Kyiv and Izmir will be operated daily by medium-haul Boeing 737-800 NG and Embraer aircraft. It will take 2 hours and 20 minutes to get to the destination.
One-way economy class ticket prices include all taxes and surcharges start from UAH 819 when booked in advance.
UIA has enhanced its fleet with second medium-haul Embraer-195. The plane received the registration number UR-EMF. The plane is scheduled to operate its first commercial flights from May 27.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.

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UKRAINE INTERNATIONAL AIRLINES PERMITTED TO TRANSPORT HAZARDOUS FREIGHT BY CHINA

Ukraine International Airlines (UIA) has been permitted to transport dangerous goods of six categories from the Chinese aviation authority, the airline has said.
The license gives UIA the right to transport to/from China consumer goods, which are specified as “Dangerous Goods.” These are smartphones, computers, tablets, photo cameras and other electronical items of well-known world brands, which are produced in China.
“It took us over three years for receiving the license, during this time the company was subject to numerous thorough checks by the Chinese Aviation Authority. As a rule, China checks the reliability of the carriers who are going to transport the goods specified as “Dangerous Goods” very scrupulously. Now all the formalities are finalized, UIA has new opportunities for organizing the transportation of consumer goods on non-stop flights Kyiv – Beijing – Kyiv by wide-body long-haul Boeing-777 aircraft,” Peter Kukharchuk, UIA Logistics and Cargo Director, said.
He said that UIA was among the first ones to receive a license for transportation of several categories of dangerous goods, gives us significant competitive advantages.
UIA received a license for transportation of dangerous goods of categories 2, 3, 5, 6, 8 and 9 from China.

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UKRAINE INTERNATIONAL AIRLINES SEES UAH 304 MLN LOSS IN 2017

Ukraine International Airlines (UIA, Kyiv), a leading airline in the country, tentatively saw UAH 304.5 million of net loss in 2017 compared with UAH 387.885 million of net profit in 2016. The information is outlined in the agenda of the general meeting of the company’s shareholders scheduled for April 25, 2018.
The company’s assets as of December 31, 2017 were UAH 4.222 billion, which is 16.2% more than a year ago.
Total bills receivable grew by 6%, to UAH 1.763 billion, and uncovered loss – by 12%, to UAH 2.834 billion. Noncurrent liabilities fell by 28%, to UAH 550.9 million and current grew by 21.1%, to UAH 6.214 billion. Net worth last year rose by 12.6%, to UAH 2.542 billion.
Ukraine International Airlines was founded in 1992. It connects Ukraine with more than 50 cities and key points in Europe, Asia, America, Africa, the Middle East and the CIS countries and provides connection with the routes of partner airlines in more than 3,000 cities of the world. UIA performs more than 1,100 regular flights a week.

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