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Aerosvit Cancels, Postpones Number of Flights

Jan. 8 (Bloomberg) -- Aerosvit, a private Ukrainian airline, canceled 17 domestic and international flights as it struggles to pay its bills.

Aerosvit dropped eight arrivals and nine departures, Kiev Boryspil Airport said on its website today, warning passengers of “possible deviations” in the carriers’ flight schedule in the coming days.

The airline has been under a bankruptcy procedure since Dec. 29, according to the website of the national registry for court decisions, with outstanding debts of 4.27 billion hryvnia ($520 million) as of Dec. 27 and assets of 1.47 billion hryvnia as of Nov. 30, according to court documents.

It canceled Kiev-bounds flight from Budapest on Jan. 7, flights from Stockholm and Tel-Aviv on Jan. 6 and from Ho Chi Minh City on Jan. 7, the country’s Foreign Affairs Ministry said by e-mail yesterday. A Jan. 6 flight from New York and a Jan. 5 flight from Stockholm were delayed.

The company made a partial advance payment to Kiev Boryspil Airport for services on Jan. 4. Outgoing flights from Boryspil will not have ground service from tomorrow should it fail to pay remaining service fees, the airport said last week.

Serhiy Kutsyi, Aerosvit’s spokesman, didn’t answer calls from Bloomberg News today.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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