The Ukrainian Aviation Group was a

Ukrainian Ukrainian may refer to: * Something of, from, or related to Ukraine * Something relating to Ukrainians, an East Slavic people from Eastern Europe * Something relating to demographics of Ukraine in terms of demography and population of Ukraine * So ...

informal

monopoly A monopoly (from 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 speci ...

alliance of three

airline An airline is a company that provides air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements, in wh ...

s owned by Privat Group and led by

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 magnat ...

. The group was founded in 2007 by combining

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 Int ...

Aerosvit AeroSvit Airlines private stock company ( uk, italic=yes, Приватне акціонерне товариство «Авіакомпанія АероСвіт»), operating as AeroSvit — Ukrainian Airlines / АероСвіт, was a Uk ...

and

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 ma ...

; 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 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 ...

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 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 Euro ...

, 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

and

ceased operations due to being bankrupt; while a much smaller

emerged from bankruptcy and continued limited operation until the end of 2017.UIA to expand fleet with two {{sic, nolink=y, aircrafts previously leased by AeroSvit
/ref>

References

* Privat Group