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However, as of Jan 7th the airline is not bankrupt, as AeroSvit Airlines does not stop its operations and will continue to fulfill its current commitments to its contractors.
The airline's management remains unchanged and keeps functioning, with all procedures assuring normal operational activities, including flight safety assurance, being carried out in full extent.
Planned company's reorganization forms part of the change program initiated by the airline in order to restore its operating efficiency and increase revenue inflows.
Source: FT news
