Number of airlines in Ukraine may increase

Number of airlines in Ukraine may increase

A Ukrainian airline carrying out domestic flights is to be registered this year, while a high-speed railway will appear in Ukraine in 5-10 years, Ukrainian Minister of Infrastructure Volodymyr Omelyan has stated.

According to the minister, the new low-cost airline will have foreign capital, but 51% of shares will belong to Ukrainians, since "this is a prerequisite for the company to have the right to operate domestic flights within Ukraine."He also expressed hope that the tickets for domestic flights will not exceed UAH 500 - 1000. In addition, commenting on mass media reports about the prospect of building high-speed railroads for passenger carriage, the minister noted this is an "expensive pleasure" and this should be a "powerful project with a large investor."