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AeroSvit files for bankruptcy

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

On December 29th, 2012, Kyiv Regional Commercial Court decreed to commence bankruptcy proceedings regarding Private Joint-Stock Company “AeroSvit Airlines“.

However, as of Jan 7th 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.

Source: FT news

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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