The Irish low-cost airline Ryanair plans to expand its influence on the Ukrainian aviation market. This will become possible after Ukraine joins Open Skies, Michael O'Leary, Group Chief Executive, stated, according to Reuters.
He noted that Ryanair now operates from 5 Ukrainian airports—Kyiv, Lviv, Kharkiv, Odesa, and Kherson, at a time when the country has up to 12 airports that meet the airline's standards.
"The only market that I would point to is Ukraine. I believe we will become a major investor there when the country joins European Open Skies," O'Leary stated.
According to the company’s Head, the labor migrants will create a market for affordable fares. Also Ukraine has a potential in the domestic air transportation market.
Context. The European Common Aviation Area is a bilateral agreement between the EU and third countries that establishes common safety standards and liberalizes market relations in the field of aviation, allowing more efficient and safe use of airspace.
On June 28, 2021, the EU Council agreed on Open Skies with Ukraine.