In the context of modern conditions of air transport development, the concept of the national air transport integrated risk management system is substantiated. The concept is based on the definition of risk as the probability of occurrence of events in a complex of hazards of different nature, manifestations of safety vulnerabilities, consequences of past negative phenomena and explains the danger of the threat due to determination "maximum potential energy". Its remaining part is subsequently converted into kinetic energy, which affects the safety management system of air transport and has a negative impact on the sustainable development of the national economy as a whole. At the same time, priority attention is paid to the list of hazards by the criterion of deviation from the point of sustainable development, the importance of the impact of threats on the coefficient of elasticity, which allows more adequate assessment of hazards and respond to them. The classification of the main risks in the functioning of Ukrainian air transport has been developed, which includes the negative consequences of the COVID-19 pandemic, reduction of export-import operations in the economic downturn, number of flights and air passenger traffic, low congestion of airports and air infrastructure. Risks are identified in the following areas of operation and development of air transport in Ukraine: export-import operations, aviation infrastructure, air cargo, airports, air navigation service providers and general aviation, which allows early detection of risks and response to them. The concept was implemented by the State Aviation Regulation Department of the Ministry of Defense of Ukraine, the State Civil Aviation Agency of Azerbaijan, Almaty International Airport (Kazakhstan), Ukraine-Air Alliance, ICAO NAU Institute, Georgian Aviation Training Center (Georgia).