Ukrainian aviation industry indices

Doing business in Ukraine: Ukrainian aviation industry indices

This article deals with the amount of #transactions in #aviation industry of #Ukraine in the first half of 2016.

Visit our website if you are interested in the #Ukrainian_economy or #doing_business in Ukraine.

In the first half of 2016 Ukrainian budget received USD 300,000 through sale of non-motorized air vehicles, such as balloons, airships, gliders and hang gliders. Interestingly, more than half of the received funds came from Germany.

At the same time, Ukraine sold planes, helicopters and space equipment in the overall amount of USD 11.62 million in the first half of 2016. Despite the announced plans of the government to sell aviation equipment to Azerbaijan and Saudi Arabia, not a single unit or piece of equipment was sold in the first half of 2016 to these states. However, approximately USD 9.5 million was received through sale of aviation equipment to China. Such equipment probably represents details and replaceable part for the Soviet build military jets, which are still used by the Chinese army. Furthermore, there is ongoing negotiation in relation to cooperation in aviation between Ukraine and the People’s Republic of China. In particular, Ukrainian manufacturer of aircrafts, Antonov aviation concern, is interested in launching a serial production of the largest aircraft in the world ‘Mriya’. The investors from China could provide financing for such project.

In addition, Iran is also looking for establishment of close cooperation in aviation, in particular in modernization of AN-140-100 plane and its joint manufacturing, including its new modifications, and in marketing and sale of AN-158 in Iran and the Gulf region.

We note that the Minister of Infrastructure of Ukraine announced plans on launching of ten new airports in Ukraine. According to the Minister, at the moment there are ten active airports in Ukraine, but the Ministry of Infrastructure wants to increase the number of airports by commissioning another ten airports. It is expected that such new airports will initially operate as regional for a number of years before becoming international airports.

Image by Ralf Manteufel, source: http://www.airliners.net/photo/Untitled-(Antonov-Design/Antonov-An-225-Mriya/1240864/L/

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