Ukraine, namely the Boryspil international airport in Kyiv airport, has a good chance at creating an aircraft service site amid a shortage of such facilities in Europe. Europe’s largest low-cost airline, Ireland’s Ryanair has already expressed an interest in getting involved in these projects, according to the infrastructure minister of Ukraine Volodymyr Omelyan has announced, Interfax- Ukraine reports.
“In Europe, all the slots are booked for the next two years in advance,” the official said at a meeting with the European Business Association (EBA).
The minister said that in mid-July Ryanair executives will visit Kyiv and the site at the airport to inspect whether or not the idea is possible.
According to the official, Ukraine offers enough professionals capable of providing such services, in particular suggesting possible opportunities for the Antonov State Enterprise.
On the other hand, Volodymyr Omelyan said that there are certain obstacles to the creation of such service center, particularly, the current regulations set high duties on the imports of spare parts.
Ryanair’s CEO Michael O’Leary said in May of the present year claimed the airline was considering a creation of a data center in Kyiv, as well as an aircraft service center in the long run. An analysis of the regulations that pertain to such activities in Ukraine needs to be studied further.
The Boryspil international airport in 2017 received $157.6 million in revenues, which exceeds the previous year’s result by 11.7%. Last year, the company paid $73.3 million in taxes to the state budget, $48 million of which was dividends, another $10.8 million was income tax, $9.5 million was a tax on personal income and social security and another $4.9 million in other payments.
The Boryspil international airport is a state-owned enterprise, operating around 55% of all flights to and from Ukraine. The facility serves as the base for Ukraine’s largest airline carrier, Ukraine International Airlines.