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Aerosvit Airlines ceases operation and files for bankruptcy

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  • Aerosvit Airlines ceases operation and files for bankruptcy

    Aerosvit Airlines (Kyiv Boryspil) had been forced temporarily ceased its operations at noon on January 4 according to Kyiv Boryspil airport due the debt the carrier owes to airport authorities. Flight VV257 which left for Copenhagen Kastrup was the last Aerosvit Airlines flight before the airport authorities forced the carrier to stop operations. According to Ukranian newspaper delo.ua the airline had already filed for bankruptcy protection on December 29 at the industrial court in Kiev. The carrier owned by Ukranian oligarch Ihor Kolomojskyj and his Privat Group already had been in financial difficulties for some time accumulating approximately EUR 420 million in debt. The court has appointed Leonid Talan as the airlines' Insolvency Administrator. In a first press statement, Aerosvit Airlines has confirmed that it has filed for bankruptcy on December 29 but that it plans to fulfill its current liabilities while restructuring. The airport has immediately received a partial advance payment from Aerosvit and operations have gradually been resumed later on January 4 with some aircraft. Nevertheless, the airport issued an ultimatum and will stop handling Aerosvit flights again at noon on January 9 if the carrier fails to pay its outstanding liabilities until then. Aerosvit Airlines operates a fleet of 31 aircraft (28 active, 3 stored) with an average age of 17.1 years.


    Aerosvit Airlines (VV, Kiev Borispol (KBP)) has according to Kiev Borispol Airport ceased their operation at noon today. Flight VV257 which left for Copenhagen was the last Aerosvit Airlines flight before they stopped their operation. According to ukranian newspaper delo.ua the airline has also filed for bankruptcy on December 29 at the industrial court in Kiev. The carrier owned by Ukranian oligarch Ihor Kolomojskyj and his Privat Bank Group already had been in financial difficulties for some time accumulating approximately €420 million EUR in debt. The court has appointed Leonid Talan as the Airlines Insolvency Administrator. Aerosvit Airlines had operated a fleet of 31 aircrafts (28 active, 3 stored) with an average age of 17.1 years.
    “The only time you have too much fuel is when you’re on fire.”

    Erwin


  • #2
    Too bad
    They had a great livery.
    Love at the first flight


    The link shows only my last flights of these last 3 years and some of 4 years ago.

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    • #3
      On Friday Warsaw airport authority impounded Aerosvits' B-737 (UR-KIV) for outstanding payments. The aircraft was returned to the operator today after a payment was made, only to be impounded again by Polish Air Navigational Services Agency for the same reason.
      There are some unconfirmed rumors, that similar situation took place in Copenhagen (UR-VVA) and Stockholm (UR-DNC)

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