An225
Topic Author
Posts: 212
Joined: Tue May 31, 2005 6:37 pm

Aerosvit Going Under?

Sun Dec 23, 2012 7:49 pm

Hello all,
Couldn't find anything about this issue since May this year. Sorry if I missed it.

According to Haaretz newspaper (a major Israeli newspaper), Aerosvit is closing down.
Main points of the article (in Hebrew only) are:
1. The company has canceled its Dec, 18th TLV-KBP flight on an hour notice.
2. VV is closing all of its offices around the world.
3. Travel agencies are reporting that VV sold tickets although it will probably not able to honor them
4. CAAI has responded that the Ukrainian authorities, nor the airline itself, has not updated that VV is not able to carry out its operations

Does anyone know something more about this?
Can our Ukrainian members elaborate more on this?

An225
 
JoeCanuck
Posts: 3943
Joined: Mon Dec 19, 2005 3:30 am

RE: Aerosvit Going Under?

Sun Dec 23, 2012 9:50 pm

I think Aerosvit has been on shaky ground financially for some time. I lived in Ukraine for a couple of years, mid last decade, and even then there were rumours of issues...though I enjoyed my flights with them.

Ukrainian Airlines International seems to be doing much better.
What the...?
 
Kiwirob
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RE: Aerosvit Going Under?

Sun Dec 23, 2012 10:19 pm

Horrible airline, had about 6 flights with them, can't say I would be sorry to see them go. Not so good for the staff, but they were lousy anyway.
 
maxsa
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 8:27 am

An225 can you please provide the link for the Haaretz Article?
could not locate it on their webpage
Thanks
 
BlueSky1976
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 8:52 am

If Aerosvit is going under, does that mean Donbassaero and Dniproavia will close down as well? They're subsidiaries of Aerosvit, owned by the same company...
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flyingbird
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 9:04 am

A friend of mine, who is running a travel agency here in Sweden, received a call on Thursday (21 Dec) from a customer who was standing at KBP airport, his flight was just cancelled and the customer asked why the travel agency is continue selling Aerosvit tickets as they will declare bankruptcy within hours according to sources at KBP airport.

I made some searches after that call on 21 Dec but couldn't find any more information.
 
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larshjort
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 9:17 am

In May this year both Cimber Sterling and Skyways went bankcrupt. Both comjpanies were owned by the same man who is behind Aerosvit.

Ihor Kolomoyskyi is a supporter of the jailed opposition leader Yulia Tymoshenko, It may have some influence on his ability to fund his airlines.
At QI we were told that he had trouble getting his money out of Ukraine because he was under investigation for fraud and that was the reason we didn't get our wage on time a couple of times in the last year.


/Lars
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JoeCanuck
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 10:28 am

Quoting LARSHJORT (Reply 6):

Business in Ukraine would be so predictable and boring without the games between the politicians and oligarchs.
What the...?
 
Quokkas
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 11:32 am

Earlier this month Sheremetyevo Airport banned AeroSvit from flying there due to the airline failing to meet its agreed debt payment schedule. The airport said that the total debt of the airline to OJSC Sheremetyevo International Airport, TZK Sheremetyevo and AeroMASH-Aviation Security exceeded 165.5 million rubles.

At the same time The Russian Federal Air Transport Agency had closed Russian airspace to AeroSvit. On the 10th December the airline had partially repaid the debt for the provided air navigation services but still had debts of $246,000. This now appears to have been paid.

Previously Lviv International Airport had suspended servicing of AeroSvit's flights in connection with the company's failure to fulfill its financial obligations. The amount AeroSvit owed was not disclosed but apparently in this instance too payment has since been made.

AeroSvit certainly seem to have a problem with revenue flow and appears to be reacting to one crisis after another.
“Not to laugh, not to cry, not to hate, but understand.” Spinoza
 
Hywel
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 1:14 pm

I know someone who was due to fly KBP-PEK a few days ago, and they got rebooked on TK via IST as AeroSvit suddenly cancelled the flight with no reason given. Hope they don't go under....
 
irshava
Posts: 254
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 2:13 pm

Aerosvit is a really sad excuse of a Ukrainian airline.

I live in New York and my first time flying Aerosvit was this summer on my way to LWO through KBP. The service was complete garbage. The service was horrible and there was no IFE whatsoever... not to mention the food.

Anyway, the management of Aerosvit (business tycoon - Igor Kolomoyskiy), owns the largest bank in Ukraine and he owns several airlines outside of Ukraine (Cimber, City Airline, and a few others in Scandinavia) all of which went bust. The airline has no care for the customer and operates complete garbage on unprofitable roots. The 737CLs that the airline operates are just not profitable on the routes that these machines serve and although efforts to modernize the fleet have been made (induction of the E190s and B737NGs) they are still not able to counteract the loses made by the airline. The airline also operates 8 B767-300ERs, heaven knows why - to bizarre destinations in Asia when many people in Ukraine can't even afford to leave the country by car! Aerosvit also gets barely any connections as it has a limited of airline partners as well as the fact that it is not part of any alliance.

Its going under - no matter how hard Kolomoyskiy will try to keep it buoyant.
“If you were born without wings, do nothing to prevent them from growing.”
 
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TupolevTu154
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 2:29 pm

Quoting irshava (Reply 10):
The service was complete garbage. The service was horrible and there was no IFE whatsoever... not to mention the food.

I flew them BUD-KBP-PEK in September along with fellow a.netter PlymSpotter and the service left alot to be desired. Aircraft looked spectacular on the outside but was another story on the inside. Crew were mediocre at best and the catering is by far the worst I have ever had. Again, no IFE (the overhead screens were never turned on) and we were both literally starving mid way through the flight with no snacks available. Not to mention the strange timing. But it was still a bargain at £220 one way so you get what you pay for.

I'd hazard a guess that KBP-PEK was well under half full, BUD-KBP was another and completely full.
 
irshava
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 2:36 pm

Quoting Tupolevtu154 (Reply 11):

Both times that I flew JFK - KBP and KBP - JFK, the flights were full - but 80% of the passengers had onward flights to Samarkand, Tashkent, etc.. so not many passengers are actually Ukrainian.. and the airfare that I paid for the flight to KBP and back was 1250 (BOTH WAYS!)... terrible airline - I hope it goes bust and maybe Ukraine International will be able to expand.
“If you were born without wings, do nothing to prevent them from growing.”
 
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AirPacific747
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 2:51 pm

I used to work as a pilot in the Aerosvit group for one of the other airlines, but I lost my job recently because of downsizing of the company. From what I know, Aerosvit is indeed struggling.

Many of their 767 are constantly parked at a remote stand at KBP because there are many technical issues with them.

Btw, the flights I have had with Aerosvit as a passenger have been good. You get a free sandwich and a free beverage. Many of their planes are old, but last summer, I had the chance to fly with one of their new Embraers (UR-DSA) and it was a very good experience.

[Edited 2012-12-24 06:55:37]
 
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AirPacific747
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 3:08 pm

Quoting LARSHJORT (Reply 6):
At QI we were told that he had trouble getting his money out of Ukraine because he was under investigation for fraud and that was the reason we didn't get our wage on time a couple of times in the last year.

Well I didn't get my money on time either, even though I was working in Ukraine... Sometimes up to one month delayed payment.

[Edited 2012-12-24 07:12:03]
 
irshava
Posts: 254
Joined: Tue Oct 04, 2011 1:11 am

RE: Aerosvit Going Under?

Mon Dec 24, 2012 5:03 pm

Quoting AirPacific747 (Reply 14):

What a surprise :P...
“If you were born without wings, do nothing to prevent them from growing.”
 
JoeCanuck
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RE: Aerosvit Going Under?

Mon Dec 24, 2012 8:37 pm

Quoting irshava (Reply 15):

I think a one month delay counts as 'early' in Ukraine. When I lived there, that would have been a pleasant surprise.
What the...?