CEO of Ukraine’s largest state-owned international airport Boryspil Pavlo Ryabikin says that signing contract with Europe’s largest low-cost carrier Ryanair will inflict UAH 2 billion, or $77 million, annual losses.
“We determine that our risk zone is about UAH 2 billion of lost revenue, and this is in conditions when we have to invest UAH 10 billion in the next five years. I consider the said annual losses with such a need for investment an unacceptable risk”, Ryabikin said. (UNIAN/Business World Magazine)