A court ruling on the arrest of an account of Ukraine International Airlines (UIA) in Finance and Credit Bank was canceled on November 26, 2014, the head of the supervisory board of the carrier, Aron Maiberg, said at a press conference in Kyiv on Thursday.

"The decision of the court of first instance did not take force as we filed a counterclaim. In addition, we filed a claim and the same judge who made the decision to arrest [the account] has canceled it," he said.

As reported, the economic court in Kyiv has arrested funds on the account of private joint-stock company UIA at Finance and Credit Bank and banned the carrier from opening new current accounts.

According to court ruling No. 910/25212/14 of November 18, 2014, the decision was made to secure a claim of first deputy prosecutor general of Kyiv in the interests of the state in the person of the State Aviation Service of Ukraine on collection of UAH 5.375 million from UIA. The claimant asked the court to arrest the funds on the defender's account and ban it from opening new current accounts.

The claimant explained the necessity of taking the measures by the fact that at present UIA did not pay on a voluntary basis the obligatory duties received from the sale of air tickets worth UAH 5.375 million. He said that this is evidence that the company is avoiding payment of funds to the state specialized fund for financing state expenses on aviation and Ukraine's participation in international aviation organizations.

UIA was founded in 1992. It is the largest Ukrainian airline. The basic airport is Boryspil airport (Kyiv).

The UIA fleet consists of 39 aircraft: five Embraer-190s, 31 Boeing 737 aircraft, including 12 new generation aircraft and one cargo air plane, as well as three Boeing 767s.