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Court rules to levy $ 5 mln debt from Ukrainian airline

January 18, 2013, 0:57 UTC+3
AeroSvit now has the right to file an appeal now
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KIEV, January 1 (Itar-Tass) – Economic court of Ukraine’s Kiev region on Thursday answered a claim by the Prosecutor General’s Office and ruled to levy a fine of $ 5.25 million from the financially troubled airline AeroSvit in favor of the Borispol airport near Kiev for the services rendered to the airline, Margarita Velkova, the press secretary of the Prosecutor General’s Office told reporters.

“The court answered the lawsuit filed by the Office of the Prosecutor General,” she said.

AeroSvit now has the right to file an appeal now.

December 29, 2012, the Economic court launched a bankruptcy case upon a petition from AeroSvit, Ukraine’s largest airline.

The court said in its materials that AeroSvit had the outstanding debts of over $ 533 million as of December 27, 2012, while the balance value of its assets totaled $ 183.3 million at the end of September.

AeroSvit was founded in 1994. It uses Borispol airport as the main hub.

Prior to its bankruptcy, the airline had a network of routes to eighty destinations in thirty-four countries, including seven intercontinental nonstop routes.

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