Kuban Airlines plans to cease operations on 11-Dec-2012 due to financial issues and the inability to comply with new regulations which require scheduled airlines to operate a minimum of eight aircraft with a capacity of 55 seats each, as per reports by Travel.ru, RBC and Aviation Explorer. Kuban Airlines currently operates six aircraft. The airline has filed for bankruptcy with the Krasnodar Region Arbitration Court.
Kuban Airlines to cease operations on 11-Dec-2012
You may also be interested in the following articles...
Global Fleet Outlook: Deliveries peak, as order highs decline.
Airlines are set to add more new aircraft than ever before in 2017. After years of record ordering and building backlogs, aircraft manufacturers are making good on their promises to ramp up production. The industry is enjoying record levels of growth and profitability; with solid passenger market fundamentals, and both airlines and leasing companies having access to ready liquidity, cheap debt and plentiful equity capital, making financing fleet orders easier than at any time before the global financial crisis.
Fleet Report & Outlook 2017
Oriel reviewed its piece written in Jan-2016 and many of its thoughts panned out during 2016. In particular, the growing gap between the values of aircraft sold naked and those transacted with a lease in place. In Oriel’s opinion, this gap has reached unprecedented levels as new lessors and investors seeking yield have fuelled a value bubble for aircraft with leases attached.