Monday, March 12, 2007

Ukrainian airlines threaten flight cancellations in response to proposed jet fuel price increase

AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD

]Fuel suppliers Krebo and LukAviaOil have postponed a planned increase in jet fuel prices after Ukrainian carriers AeroSvit and Ukrainian International Airlines threatened to cancel all their flights from today (2 February).

A 40% increase in jet fuel prices was to have been implemented on Thursday (1 February) but AeroSvit and Ukrainian International Airlines reportedly refused to accept the increase.
According to The Associated Press, the carriers asked the government to intervene and the oil businesses agreed to keep the old fuel price for the airline companies until Monday (5 February) so that talks could continue.

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