newstodate.aero

Nov 27, 2023 (newstodate): Once flying high as a dominant personality in Ukraine's aviation industry, Igor Kolomoysky is finally facing his crash landing.
   The Kyiv Economic Court has now launched bankruptcy proceedings for the Ukraine International Airlines, before Russia's attack on Ukraine the country's largest airline, owned by Igor Kolomoisky, a Ukrainian oligarch .
   Key creditor of UIA is the state-owned Ukreximbank that has requested the bankruptcy, and other creditors will have till January 22, 2024, to announce their claims.  
    Among the assets of UIA is the majority stake in Interavia, the leading ground handling company at Kiev Airport.
   The names of Mr Kolomoyski and Interavia will ring familiar at the HQ of Swissport that from June 1, 2006, operated an airport handling JV with Ukraine International Airlines, Swissport Ukraine.   
   After several twists and turns, Swissport eventually lost all shares in the JV after a prolonged series of twisted trials and court hearings, leaving the JV company now renamed Interavia in the hands of Mr Kolomoyski and UIA.
   Among his other merits, Mr Kolomoisky also, in 2011, acquired 70 percent of shares in the Danish carrier Cimber Sterling through his Cyprus-based investment company Mansvell, injecting 165 mio Danish Kroner into the debt-ridden carrier that had flown on the brink of bankruptcy - and under this new ownership Cimber Sterling received its last blow forcing it to fold its wings in May 2012.