Ukraine International Airlines

Corporate affairs

In February 2011, the Ukrainian government sold its 61.6% stake in UIA to three existing minority shareholders for UAH 287 million (US$36.2 million). As of 26 July 2013, the airline was owned by Ukraine-based Capital Investment Project LLC (74%) and Cyprus-based Ontobet Promotions Limited (26%). Capital Investment Process, in turn, is owned by Ontobet. The owners are represented by Aron Mayberg, a business partner of Igor Kolomoyskyi and the former CEO of the bankrupt AeroSvit Airlines, from which partially licences and planes were transferred to Ukraine International Airlines.

As of 22 June 2016, the ownership structure is registered as the following: 74.1627% Capital Investment Project, Ukraine and 15.9108% Ontobet Promotions Ltd, Cyprus.

This is the second year in a row that the company has made a loss, despite seeing growth in passengers. According to a February statement by company head Yuri Miroshnikov, UIA is struggling to stay profitable in the face of growing competition from budget airlines. In 2017, the company recorded a UAH 304 million loss.

Ukraine International Airlines posted a net loss of almost UAH 2.7 billion (about $100 million) in 2018, or about nine times more than it lost in 2017, Ukrainian media reported on 25 March, citing a UIA investor report.

Ukraine International Airlines (UIA), the country's national carrier, is to slow down its expansion plans in order to stabilise its financial performance and climb out of the red.

Yuri Miroshnikov is stepping down as president of Ukraine International Airlines (UIA) on 12 September after 15 years of managing Ukraine's national carrier and working for UIA since 1993. Yevhenii Dykhne will take on the leadership role at UIA from 18 September 2019.

The head of the state air traffic regulator of Ukraine stated at 8 November 2019 that UIA would owe them actually 1 billion UAH of unpaid fees and penalties.

Destinations

UIA connects Ukraine to over 80 destinations in Europe, Asia and the Middle East, as well as to New York City and Toronto from its base at Boryspil Airport, and also operates domestic flights. UIA serves over 1000 flights per week. Ukraine International Airlines (UIA) was forced to make some involuntary changes to its summer 2019 flight schedules, with reduced frequencies and capacity on some selected routes. Although not officially a budget airline, many of UIA's worldwide flights are popular with travellers because of its low fares, they use Boryspil International Airport as a transport hub.

Due to ongoing losses, the airline suspended flights to Amman, Riga, Beijing and Minsk in November 2019. From 2020, flights to Bangkok and Krakow were also suspended.

On 24 February 2022, UIA canceled scheduled and charter flights to and from Ukraine through 23 March 2022 due to the closure of Ukrainian airspace to civil aviation.

Codeshare agreements

Ukraine International Airlines has codeshare agreements with the following airlines:

• Air Astana

• Air France

• Air Moldova
• airBaltic
• Austrian Airlines
• Azerbaijan Airlines
• EgyptAir
• Iberia
• KLM
• TAP Air Portugal
• Turkish Airlines