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Feb 8 Update: UIA has extended this offer until Feb 14, 2011 See here
Jan 10 Update: I have received confirmation from UIA that they will allow you to buy all 20,000 miles to receive their Premium Elite status, you do not have to have any previous miles or flights with them.
OK, I know Ukraine International is not a major airline of choice for many of our readers but they recently released an offer whereby you can buy 1,000 Panorama Club Status Miles for US$50. At this point the offer does not stipulate a maximum number of miles that can be purchased nor does it state anything about having to fly with Ukraine International. The Panorama Club program requires 20,000 status miles to become a Premium Elite status member. This means you could spend $1000 to get status with Ukraine International Airlines, overall it does not get you too much as lounge access and extra baggage allowances are the main benefits. But here is where this status may become more valuable, many airlines offer to match status from other airlines and if you have this Premium Elite status with UIA you may be able to get an equivalent status in another airline. So once I have confirmation that you can buy all 20,000 status miles, you may want to see if another airline is willing to match UIA’s status and if they say yes then here is another potential route at obtaining status with multiple airlines.
To repeat myself, I am not 100% if this will work yet but if we get confirmation that it does then perhaps it can help in getting status matches from other airlines. Note: Per update above, you can buy all 20,000 miles.
You can view the offer on UIA’s website here.