The Kyiv Commercial Court opened bankruptcy proceedings against Bees Airline LLC on 25 June 2026, marking the collapse of Ukraine’s youngest airline after a prolonged dormant period. The court reversed its initial dismissal of the petition following a new filing by Biz Airline LLC citing outstanding debts. Bees Airline, certified 12 March 2021 with four Boeing 737-800 NG aircraft, held a 3% market share in Georgia before ceasing operations. Its assets, including flight rights, face liquidation or sale as formal bankruptcy begins. The event underscores the financial fragility of new entrants in conflict-affected regions and cross-border markets, reducing competition in the Georgian aviation sector.