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AeroSvit files for bankruptcy

  • Published by Vedat

Ukraine’s AeroSvit has filed for bankruptcy, but is continuing to operate.

Aerosvit-Airline-logoOn December 29th, 2012, Kyiv Regional Commercial Court decreed to commence bankruptcy proceedings regarding Private Joint-Stock Company "AeroSvit Airlines".

However, as of today the airline is not bankrupt, as AeroSvit Airlines does not stop its operations and will continue to fulfill its current commitments to its contractors.

The airline's management remains unchanged and keeps functioning, with all procedures assuring normal operational activities, including flight safety assurance, being carried out in full extent.

Planned company's reorganization forms part of the change program initiated by the airline in order to restore its operating efficiency and increase revenue inflows.
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