“GenAviaInvest is a minority shareholder in AeroSvit and it is not represented in the management bodies of the airline. All powers in managing the airline’s operations are focused in hands of other shareholders,” Pinchuk’s EastOne investment and consulting group told Interfax-Ukraine.
EastOne added that AeroSvit did not inform its large minority shareholders on plans to initiate a bankruptcy case and file a claim on December 29, 2012.
The press service of the State Property Fund also told Interfax-Ukraine that the state is removed from the management of AeroSvit, and the airline is unwilling to respond even to information requests from the fund. The reports of the opening of a bankruptcy case at the initiative of the airline were a surprise to the fund, which was not successful in selling its minority stake in the airline.