newstodate.aero
Jan 17, 2011 (newstodate): Once a powerful Russian airline, Atlant-Soyuz that changed its name to Moscow Airlines in August 2010 is out of business.
The carrier has stopped all commercial activities as from today due to an increasing debts pile and low profitability in an environment devoid of fresh capitalization.
Moscow Airlines, based at Moscow Domodedovo Airport, is owned 75 percent by private investors, and 25 percent by the Moscow city government.
Atlant-Soyuz was poised to become the nucleus of the airline conglomerate Rossiya that was to be set up to absorb most of the bankrupt carriers in the former AiRUnion airline alliance, which would have made Atlant-Soyuz Airlines a strong competitor to Aeroflot.
But the plans lost government support, Rossiya was scrapped before taking to the air, and Moscow Airlines started its down-ward slide that has now ended in its demise.
At closing time, Moscow Airlines operated a fleet of 15 aircraft including eight Boeing 737 aircraft while 30 AN-148 aircraft were ordered for delivery.
The carrier has stopped all commercial activities as from today due to an increasing debts pile and low profitability in an environment devoid of fresh capitalization.
Moscow Airlines, based at Moscow Domodedovo Airport, is owned 75 percent by private investors, and 25 percent by the Moscow city government.
Atlant-Soyuz was poised to become the nucleus of the airline conglomerate Rossiya that was to be set up to absorb most of the bankrupt carriers in the former AiRUnion airline alliance, which would have made Atlant-Soyuz Airlines a strong competitor to Aeroflot.
But the plans lost government support, Rossiya was scrapped before taking to the air, and Moscow Airlines started its down-ward slide that has now ended in its demise.
At closing time, Moscow Airlines operated a fleet of 15 aircraft including eight Boeing 737 aircraft while 30 AN-148 aircraft were ordered for delivery.