11-Dec-2012 10:05 AM

Kuban Airlines to cease operations on 11-Dec-2012

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.

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