Kyiv Sikorsky airport revenues are down by 92%, 2,000 employees are on unpaid leave for two months, and the airport managing company, Master-Avia LLC, is mulling bankruptcy, Oleh Levchenko, the company CEO, tells LB.ua. Wizz Air, responsible for about 80% of the flights, had planned to resume flights last weekend. But Infrastructure Minister Vladyslav Krikliy said he will only consider renewing international flights to Ukraine after June 15, stretching the flight suspension into three months. In 2010, to help Ukraine prepare for the Euro 2012 football championship, Master-Avia signed a 49-year management lease for Kyiv’s right bank airport. Since then, it invested $78 million to rebuild and expand the single runway airport. Passenger traffic grew: from 29,000 in 2010, to 2.6 million last year.
Kyiv Sikorsky airport revenues are down by 92%, 2,000 employees are on unpaid leave for two months, and the airport managing company, Master-Avia LLC, is mulling bankruptcy
