Ukraine International Airlines mulls taking up to six more 737s

This story is sourced from Pro
See more Pro news »

Ukraine International Airlines (UIA) is looking to increase its Boeing 737 fleet amid ongoing expansion to its route network.

Executive vice-president strategy and development Yevgeny Treskunov says the carrier wants to bring in a further five or six 737s by 2014.

This year UIA has already acquired two -800 variants that had been in service with now-defunct AeroSvit, in addition to one 737-500. That brought its Boeing fleet size to 25 aircraft.

It also signed wet leases for two Embraer 190s from Dniproavia and three Antonov An-148s from Antonov Airlines.

On 31 March, the carrier plans to expand its network to include 10 new cross-border routes. "We've obtained flying rights previously assigned to AeroSvit," says Treskunov.

"From Kiev, we'll serve new destinations in Russia, eastern Europe, central Asia and the trans-Caucasus. All this requires a greater capacity."

To fund fleet expansion, the advisory board has endorsed the private placement of a bond issue allowing the company to borrow Hr36 million ($4,5 million).