Ukraine plans to set up own budget airline

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Ukraine is planning to set up its own low-cost airline in the nearest future, local media reported Tuesday, citing Infrastructure Minister Volodymyr Omelyan.

“The talks on the issue are well underway. I hope we have every chance to legally register the company this year,” Omelyan said.

The new air carrier will be created in cooperation with foreign partners, Omelyan said, pointing that Ukraine will control 51-percent stake in the company,

The projected airline will serve domestic and international routes, with anticipated ticket price starting from 20 U.S. dollars, he added.

In 2016, Ukrainian air carriers provided services to 8.3 million passengers, up 31.3 percent from a year ago.


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