Kuban Airlines

From December 11, the airline "Kuban" will cease flights due to the difficult financial situation, as the company's officials said officially.

According to them, the airline is in a difficult financial situation, and besides it can not fulfill certain provisions of the new federal aviation regulations that came into force at the end of November this year. According to them, the airline must have at least eight aircraft with a capacity of 55 or more passenger seats, while the company had only six. Three of them had to be returned to the lessors ahead of time due to the impossibility of timely payments under the contract and the existing payment arrears.

10 December 2012
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