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.