AeroSvit Airlines is continuing operations and fulfillment of current commitments towards its contractors

AeroSvit Airlines has filed a petition with the Kyiv Regional Commercial Court to initiate bankruptcy proceedings for the purpose of commencing reorganization procedure, restoring solvency and ensuring fulfillment of commitments to its creditors in full.

On December 29th, 2012, Kyiv Regional Commercial Court decreed to commence bankruptcy proceedings regarding Private Joint-Stock Company "AeroSvit Airlines".

However, as of today the airline is not bankrupt, as AeroSvit Airlines does not stop its operations and will continue to fulfill its current commitments to its contractors.

The airline's management remains unchanged and keeps functioning, with all procedures assuring normal operational activities, including flight safety assurance, being carried out in full extent.

Planned company's reorganization forms part of the change program initiated by the airline in order to restore its operating efficiency and increase revenue inflows.

AEROSVIT