HomeTravel NewsRyanair Invests $3bn in Post-War Ukraine Links

Ryanair Invests $3bn in Post-War Ukraine Links

Ryanair has pledged to invest more than $3bn (€2.7bn) in Ukraine’s post-war growth and aviation link recovery.

Ryanair representatives – including group chief executive Michael O’Leary and Ryanair DAC boss Eddie Wilson – held an important meeting in Kyiv, on Thursday, together with Deputy Prime Minister for Restoration of Ukraine and Minister for Infrastructure, Oleksandr Kubrakov, at which the airline group unveiled plans to invest heavily (over $3bn) to rapidly rebuild Ukraine’s aviation industry once the war ends and EASA declares that flying to/from Ukraine is safe again. Ryanair also held meetings today in Kyiv with the Ukraine’s main airports, Kyiv, Lviv and Odesa in Boryspil International Airport at the invitation of Oleksiy Dubrevskyy, CEO of Boryspil international Airport.

During the visit, Ryanair’s senior management and the airport examined the condition of the airport terminals, baggage claim and passenger check-in and boarding gate areas, control points, aprons, where they saw the excellent state of the airport infrastructure and its operational readiness to resume flights when safe to do so.

Michael O’Leary, CEO of the Ryanair Group, was inspired by the dedication of Boryspil Airport employees, who are motivated and comprehensively working for the post-war recovery of air traffic.

He emphasised: “Ryanair remains a committed partner in rebuilding and investing in Ukraine aviation. Today we saw that in the most difficult conditions of war, the Boryspil airport team demonstrates its professionalism and is fully ready for the resumption of flights as soon as possible.”

Ryanair has committed to returning with low fare flights to/from Ukraine within 8 weeks of the reopening of Ukraine air space. This will see 600 weekly flights being operated by Ryanair aircraft from the main airports of Kyiv, Lviv and Odesa, connecting these cities to over 20 EU capitals. In addition, Ryanair plans to open daily domestic flights between Kyiv, Lviv and Odesa, as soon as those airports are able to handle them.

Ryanair plans in the first 12 months post war to offer over 5 million seats to/from and within Ukraine, and this will build to over 10 million seats over a 5 year period. Ryanair, the Govt of Ukraine, and its main airports, have committed to a rapid rebuild in Ukraine’s aviation, and Ryanair will base up to 30 new Boeing 737 MAX aircraft worth over $3 billion at the 3 main Ukraine airports giving Ukrainian citizens and visitors access to Europe’s lowest air fares, as Ukraine rebuilds its economy in a post invasion environment.

Speaking in Kyiv today, Ryanair’s Michael O’Leary said:

“Ryanair was Ukraine’s second largest airline before the unlawful Russian invasion in Feb 2022. Once the skies over Ukraine have reopened for commercial aviation, Ryanair will charge back into Ukraine linking the main Ukraine airports with over 20 EU capitals, and we are working closely with the Ukrainian Govt to rebuild Ukraine’s aviation, industry and its economy.

The fastest way to rebuild and restore the Ukrainian economy will be with low fare air travel. Ryanair intends to invest heavily in Ukraine and lead this aviation recovery by investing up to $3bn and basing up to 30 new Boeing MAX aircraft at Ukraine’s 3 main airports in Kyiv, Lviv and Odesa. Having previously also served Kharkiv and Kherson airports prior to the invasion, Ryanair will return to serving those airports too, as soon as the infrastructure has been restored. Ryanair remains committed to rebuilding and investing in Ukraine. We currently employ hundreds of Ukrainian pilots, cabin crew and IT professionals, and we will look to creating thousands of new jobs in aviation for Ukrainian citizens when Ukraine skies reopen. Ukraine is a country of 40 million people, many of whom have been dispersed across Europe over the past year. We look forward to being able to reunite these families using Ryanair low fare services to the main Ukrainian airports as soon as it is safe to do so. Ryanair’s low fares services will be critical to the rebuilding and recovery of the Ukrainian economy, and we will invest heavily in partnership with the Ukrainian Govt and Ukraine’s main airports as we grow to carry up to 10m passengers per annum to/from Ukraine once we are allowed to do so by the European and Ukrainian Regulatory Authorities.”

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

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