After losing $100 million last year, Ukraine International Airlines, the nation’s flag carrier, is replacing its president of 15 years with the deputy director of Boryspil Airport.

After losing $100 million last year, Ukraine International Airlines, the nation’s flag carrier, is replacing its president of 15 years with the deputy director of Boryspil Airport. Yevgeny Dykhne, who has helped to run Boryspil, UIA’s main hub, for the last five years, replaces Yuriy Miroshnikov next week. UIA Board Chairman Aaron Mayberg blamed UIA’s poor performance on aviation fuel taxes, VAT taxes on domestic flights, and Russia’s ban on overflights by Ukrainian airlines. Talking to reporters Monday, he predicted UIA will return to profitability next year.