KD AVIA c'est fini

KD Avia to suspend operations Wed due to financial problems

MOSCOW, March 11 (Itar-Tass) - Russian Kaliningrad airline KD Avia will suspend operations at 6:00 p.m. Moscow time on Wednesday for an indefinite period of time due to ongoing financial difficulties, the company’s press secretary Yelena Penkovaya told Tass,

The airline has no more of its own funds to finance its current operations, Penkovaya said.

The company has already informed Gennady Kurzenkov, head of the Federal Air Transportation Agency, or Rosaviatsiya, about its financial situation the economic news agency Prime-Tass reported.

The company said that it had sought help from the Transportation Ministry, the Russian government, and the country’s largest banks but had not received any real support so far.

During the suspension, the airline’s passengers will be carried by other airlines, Penkovaya also said.

Established in 2002, KD Avia, previously known as Kaliningradavia, is based at Khrabrovo Airport in the city of Kaliningrad

Comme Skyeurope, repart arrête

Private Russian airline halts ticket sales over debts

MOSCOW, Sept 2, 2009 (AFP)

KD Avia, a private Russian airline which aimed to make Russia's enclave of Kaliningrad a major hub for international flights, said Wednesday it has stopped selling tickets due to high debts.