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KYIV (Reuters) – Ukraine Worldwide Airways (UIA), the nation’s largest provider, stated on Monday it had leased out its medium-haul Boeing (NYSE:) 737-900 plane to Latvian provider airBaltic to attempt to minimise its losses brought on by Russia’s invasion of Ukraine.
The corporate stopped working companies on Feb. 24 after Russia invaded Ukraine, focusing on airports and different important infrastructure and prompting the federal government in Kyiv to introduce martial regulation and shut its skies to industrial aviation.
“From Could 1, the plane and crews of the Ukrainian airline will likely be based mostly at Riga Airport to serve the associate community of flights,” UIA stated in a press release.
Martin Gauss, airBaltic Chief Government Officer stated in a separate assertion that by quickly leasing the UIA plane, his firm would additionally present short-term work to the workers of UIA.
“Ukraine Worldwide Airways has been a dependable long-term associate of airBaltic,” he stated.
Earlier than the invasion, UIA employed about 1,300 employees and operated 25 planes in its fleet, together with the wide-body long-haul plane Boeing 777-200ER, the long-haul wide-body plane Boeing 767-300ER, and 16 medium-haul Boeing-737 New Technology planes.
The settlement is a ‘moist lease’ association, whereby the lessor maintains operational management of flights whereas offering plane and crew.
The Ukrainian firm stated 4 crews – 28 individuals in whole – could be concerned within the operational work of the UIA plane on the associate’s routes. The plane will function flights with the UIA company color and livery preserved, in addition to the crews.
“We’re sincerely glad that our European companions are serving to each the Ukrainian state and enterprise with a transparent, completely clear help for Ukraine,” stated Evheniy Dykhne, CEO of UIA.
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