Ukrainian Aviation Group
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Ukrainian Aviation Group
The Ukrainian Aviation Group was a Ukrainian informal monopoly alliance of three airlines owned by Privat Group and led by Ihor Kolomoyskyi. The group was founded in 2007 by combining Dniproavia, Aerosvit and Donbassaero; these airlines often provide each other with the opportunity to use each other's aircraft, with flights more than often being operated for Aerosvit (the alliance's largest carrier). When Privat Group acquired Ukraine's largest airline Ukraine International Airlines in February 2011 Privat Group had a near monopoly on the aviation business in Ukraine. The three companies of Ukrainian Aviation Group, together with sister Windrose Airlines, were experiencing major debt troubles in late 2012, as Privat Group was shifting its focus on larger and more profitable Ukraine International Airlines. In January 2013 Aerosvit and Donbassaero ceased operations due to being bankrupt; while a much smaller Dniproavia Dniproavia ( uk, Дніпроавіа) was an airline head ...
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Ihor Kolomoyskyi
Ihor Valeriyovych Kolomoyskyi ( uk, Ігор Валерійович Коломойський, translit=Ihor Valereriyovych Kolomoyskyi; he, איגור קולומויסקי; born 13 February 1963) is a Ukrainian-born billionaire, business magnate, and politician. He has been rated as the second or third richest person in Ukraine, and was seen as one of the most influential oligarchs. He co-founded PrivatBank and its informal extension of companies, Privat Group, in 1992, and acquired extensive media holdings. Kolomoyskyi served as Governor of Dnipropetrovsk Oblast from 2014 until his dismissal by President Petro Poroshenko in 2016. That year, following charges against him of large-scale fraud, PrivatBank was taken into state ownership. Kolomoyskyi's media power and funding then supported Volodymyr Zelenskyy's successful 2019 campaign to unseat Poroshenko. In 2021, the US banned Kolomoyskyi and his family from entering the country, accusing him of corruption and being a th ...
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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Airline
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ...
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Privat Group
The Privat Group, or PrivatBank Group ( uk, Група «Приват», Romanization of Ukrainian, romanized: ''Hrupa "Pryvat"'') is a Multinational corporation, global business group, based in Ukraine. Privat Group controls thousands of companies of virtually every industry in Ukraine, the European Union, Georgia (country), Georgia, Ghana, Russia, the United States and other countries. steel industry, Steel, Petroleum industry, oil & Natural gas, gas, chemical industry, chemical and energy industry, energy are sectors of the group's prime influence and expertise. None of the group's capital is publicly traded on any stock exchange. The business group was grouped around PrivatBank. On 18 December 2016 this bank was nationalized by the government of Ukraine, taking 100% ownership. The group is controlled by the billionaire businessmen Henadiy Boholyubov, Hennadiy Boholyubov, Oleksiy Martynov, and Ihor Kolomoyskyi (the latter is the richest and leading partner that is best known to t ...
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Dniproavia
Dniproavia ( uk, Дніпроавіа) was an airline headquartered at Dnipro International Airport in Dnipro, Ukraine, which operated scheduled and chartered passenger flights. History Dniproavia was established in 1933 as ''Dnipropetrovsk Integrated Air Squad'', forming part of then Soviet national airline Aeroflot. On 22 June 1996, the airline became a joint stock company in a state-owned entity which included Dnipropetrovsk International Airport, thus giving the airline full control over its home base. Dniproavia announced a loss of just over 6 million USD for 2006, despite increasing revenues by 17 percent and carrying 54 percent more passengers. It blamed the loss on the suspension of its flights to Germany, due to a dispute with the German authorities over Lufthansa's landing rights at Dnipropetrovsk Airport. In October 2009, the airline was sold to Galtera investment group, however, it was controlled by Ukrainian-Israeli entrepreneur Ihor Kolomoyskyi's Privat Group. As ...
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Aerosvit
AeroSvit Airlines private stock company ( uk, italic=yes, Приватне акціонерне товариство «Авіакомпанія АероСвіт»), operating as AeroSvit — Ukrainian Airlines / АероСвіт, was a Ukrainian private airline. Its head office was on the grounds of the Boryspil International Airport in Boryspil. Aerosvit Ukrainian Airlines was a member of IATA and an IATA IOSA certified carrier. Its main base was the Boryspil Airport. The airline was established in March 1994 and started operations in April the same year with international flights from Kyiv in co-operation with Air Ukraine. , Aerosvit was the largest carrier in Ukraine. Bankruptcy procedures began in January 2013, and in February 2013, AeroSvit ceased operations. History Early years The airline was established on 25 March 1994, and started operations in that year with flights from Kyiv to Athens, Larnaca, Tel Aviv, Odesa and Thessaloniki in co-operation with Air Uk ...
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Donbassaero
Donbassaero ( uk, Донбасаеро, Russian: Донбассаэро) was an airline with its head office on the property of Donetsk International Airport in Donetsk, Ukraine. It operated domestic and international scheduled services. Its main bases were Donetsk International Airport and Boryspil International Airport in Kyiv. The main shareholder of the company was PrivatBank, controlled by Ihor Kolomoyskyi. History The airline was founded in 1993 as Donetsk State Airline, then re-organized and re-branded as Donbassaero in 2003. Their web site was launched in July 2005 and their online booking system started in November of the same year. Since 25 March 2012, as a result of the Anti-monopoly committee of Ukraine's decision to allow the consolidation of the Ukrainian Aviation Group's physical and operational assets, Donbassaero no longer operated flights with its own code, but rather on behalf of its parent company Aerosvit. The airline filed for bankruptcy and ceased opera ...
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Ukraine International Airlines
Ukraine International Airlines PJSC, often shortened to UIA ( uk, Авіакомпанія Міжнародні Авіалінії України, Aviakompaniya Mizhnarodni Avialiniyi Ukrayiny, ), is the flag carrier and the largest airline of Ukraine, with its head office in Kyiv and its main hub at Kyiv's Boryspil International Airport. It operates domestic and international passenger flights and cargo services to Europe, the Middle East, the United States, Canada, and Asia. History Early history It was established as an alternative to Ukraine Airlines - a remnant of the Soviet Era in which each country had an operating airline under financial and commercial control of Aeroflot's main office in Moscow until the Soviet Union broke up and the airliners on the ground at each airport became the property of the state in which they were grounded. In early 1992, the then Minister for aviation in Ukraine reached an agreement on the lease of 2 B37-400's from GPA and the establishmen ...
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Windrose Airlines
Windrose Airlines, legally Wind Rose Aviation Company, is a Ukrainian charter airline based at Boryspil International Airport. Founded on 28 October 2003, the airline's headquarters is in Kyiv; it operates charter flights to destinations in Europe, Turkey, and Egypt. History The airline was established in 2003 to provide charter flights to destinations in Europe and the Middle East. It is most probably part of the Privat Group of billionaire Igor Kolomoysky which also owned PrivatBank before it was nationalised, Ukraine International Airlines, as well as formerly owned now-defunct airlines Cimber Sterling, Donbassaero, Dniproavia and AeroSvit. In 2006, regular flights to Moscow and Kaliningrad in Russia were initiated. In 2008, the company expanded its route network, then sharply reduced it. Since 2008, Windrose Airlines has focused on charter flights. From 2010 to the present day, the airline has been licensed to operate regular flights, should the need arise. The airline was ...
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Airlines Of Ukraine
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ...
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