KIEV, Jan. 22 - Yuriy Myroshnikov, president of Kiev-based Ukraine International Airlines, said it is time for the state to unload most of its interest in his company.

"At present, it would be expedient to cut the state share by 45-48%, and it's inexpedient to cut less that that. It would allow more flexibility in the management. It would be important for the company that it happen with the attraction of additional working capital, which is always [required]," he told Interfax-Ukraine.