The story
The Dissolution of the Soviet Union during 1990 and 1991 lead to the split-up of former Soviet carrier Aeroflot in 1992, with Air Ukraine being founded out of the Aeroflot's Kyiv directorate. Soon, other Ukrainian divisions were merged into it to create a national airline.. By 2001, the airline had a small fleet of 5 aircraft which meant its operations had significantly shrunk.
In December 2002, Air Ukraine was declared to be bankrupt. Attempts to relaunch the company by merging it with Aerosvit Airlines or Ukraine International Airlines failed, and the airline license was finally withdrawn on 23 July 2004.
From Wikipedia’s article on Air Ukraine, shared under CC BY-SA 4.0.3
