Ukraine, Airbus sign memorandum to create Ukrainian National Airlines

Ukraine, Airbus sign memorandum to create Ukrainian National Airlines

The Ukrainian Infrastructure Ministry has signed a memorandum with Airbus on the intention to cooperate in establishing a national airline in Ukraine.

According to an Ukrinform correspondent, the memorandum was signed during the forum "Big Construction: Aviation and Tourism" on Thursday, November 25.

"Today we celebrate the birthday of the new national airline. Its name is 'Ukrainian National Airlines'," said Infrastructure Minister Oleksandr Kubrakov.

He stressed that the Ukrainian national airline was being created to protect Ukraine's strategic interests in the field of air transportation, including in situations when the emergency evacuation of citizens is needed.

Kubrakov added that the air transportation market in Ukraine is growing and the new airline will carefully compete with private carriers.

"We understand what we are doing. We are in constant dialogue with the market. I think that we will all have enough space in the market as it will be growing," he said.

He said that a business plan for the launch of the national airline has already been developed and a feasibility study of the project has been finished.

According to Kubrakov, UAH 500 million will be allocated for the establishment of the company in 2021 and UAH 2.5 billion will be required in 2022. The national carrier is expected to pay for itself in five years.

In April 2020, President Volodymyr Zelensky announced his intention to create a modern state-owned airline with a Ukrainian aircraft fleet.

Photo credit: President's Office

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period: