Boryspil Airport, Hyundai E&C sign memorandum of cooperation in Ukrainian aviation industry recovery

MOSCOW. July 18 (Interfax) - The Ukrainian state company Boryspil International Airport and Hyundai Engineering & Construction (Hyundai E&C) have signed a memorandum of partnership and cooperation to promote the Ukrainian aviation infrastructure's recovery and development.

Ukrainian media reported, citing Boryspil International Airport's website, that the document was signed in Poland last Friday between Boryspil Airport Director Alexei Dubrevsky, Hyundai E&C President and CEO Yoon Young-Joon, and Operational Director Kim Kyeong Soo.

"We are happy to conclude a memorandum with Hyundai E&C, which opens up new opportunities for developing and upgrading civil aviation. This cooperation will significantly step up the development and restoration of not only the Boryspil airport but also the entire Ukrainian aviation industry," Dubrevsky was quoted as saying.

Yoon Young-Joon said Ukraine has substantial potential for developing its aviation sector, and Hyundai E&C sees good prospects of its employment. "Considering Ukraine's geography, it has strategically important air routes and substantial potential for developing its aviation sector. Hyundai E&C sees opportunities for employing this potential and its contribution to the development of the Ukrainian aviation industry," he said.

Before the crisis, Boryspil International Airport accounted for 62% of the national passenger traffic and 85% cargo traffic. The airport operates a 4,000-meter-long and a 3,500-meter-long runway and terminals with well-developed services.

Hyundai E&C is part of Hyundai Motor Group, a global conglomerate incorporating the automobile giants Hyundai Motor Co and Kia Corporation with 250,000 employees. The company is known for its major investment projects in the reconstruction and development of international airports and for its extensive expertise in constructing and modernizing airport infrastructure.