slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

Ebrd To Provide $5.4 Million To Air Ukraine Intern

Fri Nov 10, 2000 12:00 pm

KYIV, Nov 8 - The European Bank for Reconstruction and Development plans to provide a loan of $5.4 million to Air Ukraine International to allow the airline to increase the volume of passengers it transports between Ukraine and Western Europe, an EBRD press release said, Ukrainian News reported.
The EBRD’s board of directors is expected to make a final decision on the loan on November 29 this year.

According to the press release, Air Ukraine International is to transfer 10 percent of its statutory capital to the EBRD after obtaining the EBRD loan.

The press release stated that part of the loan would be used to improve ecological standards on the engines of Air Ukraine International's airplanes.

Air Ukraine International specializes in international cargo and passenger transportation.

The company was founded in 1992.

Its founders include Austrian Airlines (Austria), Swissair (Switzerland), and Guinness Peat Aviation (Ireland).

The airline owns five Boeing-737 planes. It also uses An-24 planes.
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
 
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RE: Ebrd To Provide $5.4 Million To Air Ukraine Intern

Fri Nov 10, 2000 12:27 pm

I heard Ukraine was planing to buy some 767's and a couple A330's is there any truth to that or will they continue to operate the ex-LOT Il-62's?
 
slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

RE: Ebrd To Provide $5.4 Million To Air Ukraine Intern

Sat Nov 11, 2000 9:15 am

Stooge you are talking about Air Ukraine, they are the national carrier of Ukraine, owned entirely by the Government. They have yet to decide which type they will use to replace the IL-62. Ukraine International has an All 737 fleet, both -200 and -300. There only fleet expansion plans are for the 737-700.
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada

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