Market Analysis

agency has brought criminal charges of embezzlement of international airport Borispol worth over 30 mln. Illegal actions attributed to one of the largest suppliers of aviation fuel at the airport JV Krebo, as well as former heads of Boryspil.

During 2004-2007, information on the SBU, the company and under its control of the company entered into contracts for the sale of Borispol. Then the buyers' Ignore 'the former airport property under control within 17 commercial structures, and as a result it has been registered for one of the Cypriot company.
In

special note that, as a result of such action the airport has lost ownership of the 26 warehouse facilities centralized refueling aircraft. In particular, administrative and production building, transformer substation, parking areas for fuel and gas equipment and vehicles, roads, tank farms, point for cars.

As the head of the press center of the SU SBU in Kiev and Kiev region Igor Zabilyk, manipulation of the property identified by the audit concluded agreements between 'Krebo and Borispol .

In their presentation of a private notary from Kremenchug designed as movable property, though by law he had no right to do this - described Zabilyk. - This was the hook, and then we started to investigate the circumstances of the case.

During the investigation officers carried out searches in the AS office Krebo in Kiev, Kremenchug and Borispol, and seized some documents. In response, the Chairman of the Board Peter Carpenter yesterday held a press conference at which denied all the charges services. All of the SBU said, were built by Krebo and therefore belong to us perfectly legal. Why, then the airport Borispol to us of such issues have been encountered, - said Carpenter.

Director-General Boryspil Boris Shahsuvarov not made any claims against the supplier of fuel, noting that no property, we do not alienate. Moreover, Shahsuvarov reported that first heard the criminal case into the sale of the airport. Since the leaders of Borispol, have served the company in 2004-2007, was unable to communicate.

According to Carpenter, the scandal surrounding the airport property is linked to the struggle for the aviation fuel market. I think that the Security Service wants to stop the activities of the company and redistribute this market in favor of others who want to engage in this activity at our place, - he said. Carpenter said that his company's competitors in this business are TNK-Air ( Daughter TNK-BP) and the Onion Air Oil (the company Lukoil).

analyst consulting company UPECO Gennadij Kobalia believed that TNK-BP has long been interested in working in the Boryspil: At the moment the company does not have such an opportunity - refuellers have already divided the scope of work at the airport. TNK-BP is present there only formally, bought a controlling stake in the company Aviation fuel gas company. The TNK-BP situation in Boryspil situation refused to comment. Representatives of the Onion Air Oil were not available yesterday.

JV Krebo occupies about 20% of the aviation fuel market in Ukraine, putting in more than 120 airports thousands of tons of fuel in 2008. Last year, the company's net profit amounted to 20.4 mln. Shares owned by the company Ukrtatnafta (11%) and Dutch Movida International Holding (78%).

Natalia Guzenko

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