Kuban Airline stops operating
The airline company "Kuban" has stopped operating flights as of midnight December 11, 2012.This statement was made by the directors of the company.
"This a necessary measure," ITAR-TASS cites the general director of the airline "Kuban" Sergei Mordvintsev. "We took this step only because of a confluence of adverse circumstances," the head of the airline said.
However, the agency emphasizes that the main reason for operations being stopped is the difficult financial situation and the inability to follow a number of provisions of the new Federal Aviation Regulations that came into force at the end of November 2012. According to them, a park carrier conducting scheduled air services should consist of no less than 8 aircraft with a capacity of 55 or more passenger seats.
Adapted from: Vestnik Kavkaza