DNIPROAVIA TO ACQUIRE UKRAINE INTERNATIONAL

Dino D'Amore
By Dino D'Amore December 14, 2010 14:48

DNIPROAVIA TO ACQUIRE UKRAINE INTERNATIONAL

Dniproavia Airlines is poised to acquire a 61.58% stake in Ukraine International Airlines for UAH 516.841 million (approximately $64.8 million). Serhiy Tkachenko, the chairman of the Dniproavia, made the comments in an open letter to Oleksandr Riabchenko, chair of the State Property Fund of Ukraine (SPF), where he called for an open auction for the sale of the stake.

“We’re ready to pay UAH 516.841 million for the stake, and believe that this is a fair price, which is confirmed by famous independent experts and assessors. We know that some other Ukrainian and foreign companies are interested in the purchase of the stake,” says the letter.

The letter also states that the airline is willing to invest in a fleet renewal programme and improve production and economic indicators of Ukraine International Airlines.

Dino D'Amore
By Dino D'Amore December 14, 2010 14:48
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fdniproavia-to-acquire-ukraine-international%2F"> registered </a> users can comment.