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Aerosvit Airlines (VV, Kyiv Borispol (KBP)) has according to Kyiv Borispol Airport ceased their operation at noon today. Flight VV257 which left for Copenhagen was the last Aerosvit Airlines flight before they stopped their operation. According to ukranian newspaper delo.ua the airline has also filed for bankruptcy on December 29 at the industrial court in Kyiv. The carrier owned by Ukranian oligarch Ihor Kolomojskyj and his Privat Bank Group already had been in financial difficulties for some time accumulating approximately €420 million EUR in debt. The court has appointed Leonid Talan as the Airlines Insolvency Administrator. Aerosvit Airlines operates a fleet of 31 aircrafts (28 active, 3 stored) with an average age of 17.1 years.

Update (14:00 GMT): In a first press statement Aerosvit Airlines has confirmed that they have filed for bankruptcy on December 29 and that they will fulfill their current liabilities. They also claim that they have not ceased operations yet. However Kyiv Borispol Airport states that no Aerosvit Airlines flight has arrived or departed after 12:50 local time. All flights since then have been cancelled.