Ukrainian State Airline “Ukrainian National Airlines” Issued Shares for $18.3 million

by Meifan Honcharuk
Tuesday, December 28, 2021
1 MIN
Ukrainian State Airline “Ukrainian National Airlines” Issued Shares for $18.3 million

JSC "Ukrainian National Airlines" registered its debut issue of shares in the amount of U$18.3 million with the National commission for securities and stock market

In total, 50.000 shares were issued with a par value of $0.4. The Ministry of the infrastructure of Ukraine will become the owner of the entire block of shares.

On December 8, Volodymyr Zelenskyy signed a law amending the state budget for 2021, which, among other things, allocated $18.3 million to form the authorized capital of the national air carrier.

In 2022-2023, it is planned to spend at least another €150 million on the creation of the airline.

Ukrainian National Airlines was established in November 2021 on behalf of the president. Its main task is to develop domestic air transportation, expand the geography of flights for Ukrainians, and protect the state's strategic interests.

According to him, the state is ready to invest in the air fleet, Ukrainian load manufacturers and involve world leaders in joint investing-in-ukraine/starting-business-in-ukraine/start-a-project/" rel="dofollow">projects in aircraft construction.

It is about increasing profits and passenger traffic and, in general, the state's status, image, and prestige of Ukraine.

The state is ready to invest in the air fleet, Ukrainian load manufacturers and involve world leaders in joint projects in aircraft construction.

It is planned to purchase or lease 22 Airbus aircraft for national airlines of Ukraine.

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