Annotation: Purpose: The improvement of an Air Traffic Management System should be continuous. It should correspond to the appearing requirements in the aviation sphere. The purpose of this article is to review the Pilot Common Project, possibility of its implementation into Ukrainian airspace and advices regarding its implementation. Also it is important to define the timescale of Pilot Common Project Air Traffic Management functionalities implementation into Ukrainian airspace. Methods: basing on the analyzed data from The World Bank of Data, FlightRadar24.com statistics we defined the average amount of air traffic crossing Europe and Ukraine on annual basis. Considering the received results we made the evaluation on the necessity of Pilot Common Project implementation into Ukrainian airspace. Results: Due to the changes of political situation on the territory of Ukraine the usage of flight routes over eastern part of Ukraine and Crimean Peninsula has been terminated, and the air traffic flows were distributed to bypass Ukraine. We have concluded that nowadays only three out of six Air Traffic Management functionalities will be the valuable improvement of Ukrainian Airspace. It is proposed to implement in Ukraine Initial Trajectory Information Sharing; Initial System Wide Information Management until 2025 year, while Airport Integration and Throughput have been advised to be established until 2024 year. Discussion: The "high wall" that has appeared from the North-Eastern part till the Southern part of Ukraine due to the political situation in the country created an obstacle for the transition air traffic, and decreased the number of daily flights through Ukrainian airspace. That brought an enormous loss of air navigation service fees and, as a result, lack of financing of aviation transportation system in Ukraine. Nowadays, the only motivation to continue improvement of Ukrainian Air Traffic Management System is just to be in line with European Union airspace and to provide the high-quality service at the end of the day.