Back in 1992, Ukraine International was co-founded as an international carrier of independent Ukraine by the Ukrainian State Association of Civil Aviation and GPA (thereafter AerCap B.V.), the world’s largest aircraft lessor. Over the 15-year period, the airline has attracted top class strategic and financial investors. In 1995, the Ukrainian Government shareholding was transferred to the State Property Fund. In 1996, Austrian Airlines and Swissair became shareholders with the European Bank for Reconstruction and Development, EBRD, joining shortly – in 2000.
Organizational model of a public-private entity empowered UIA to take advantage of the strengths of all shareholders, to seize a vast selection of business opportunities, as well as to adopt best maintenance, operation, service, and management practices of its international partners. Initially, UIA was meant to establish non-stop operations between Ukraine and Western Europe and successfully implement the strategy of a point-to-point carrier.
By its 18th anniversary in 2009, UIA became one of Ukraine`s key aviation market players with 20% business segment. However, further development required the UIA business strategy revision. The latter coincided with the change of the company’s ownership in 2010 and was triggered by international investors’ withdrawal from the equity fueled by the shift in their market strategies in Ukraine and expiration of the EBRD investment conventional participation period.
Amid challenging operating environment and intense price-based competition, privatization guaranteed the UIA business flexibility and allowed commencing transformation from a point-to-point into a network carrier.
Ukraine International is Ukraine’s strategic aviation business. UIA is a low-fare network carrier. Its core businesses are passenger and cargo transportation. Ukraine International offers a vast selection of point-to-point and transit travel opportunities. The airline connects Ukraine with 38 countries in Europe, Asia, America, Africa, and the Middle East. Weekly, the carrier operates 1100 international and domestic flights and provides connections with partner airlines’ services to over 3000 destinations worldwide.
Kiev Boryspil International Airport is the UIA base hub. Currently, UIA operates 42 aircraft. UIA holds a handling network. The latter empowers the carrier to closely monitor service quality, sell handling services to other airlines, and generate more employment opportunities in Ukraine.
By 2021, UIA plans to actively enhance and renew fleet, expand eastern and south-eastern route networks, increase frequencies of westbound flights, as well as further develop transit potential of Kiev Boryspil International airport and regional hubs in the cities of Ukraine.