Thursday, October 3
With its 35 jets parked at Boryspil through April 24, UIA, the national flag carrier, plans to ask the government for a $60 million stabilization loan
Monday, March 30, 2020
With its 35 jets parked at Boryspil through April 24, UIA, the national flag carrier, plans to ask the government for a $60 million stabilization loan, UIA president Evgeny Dykhne, tells Liga.Business. After losing $100 million last year, the airline cut unprofitable routes and reduced its fleet, aiming to break even this year. Now it is losing $14.5 million a month, Dykhne says. Separately, the International Air Transport Association recently doubled its coronavirus-related losses for world airlines this year — to $260 billion.
