Mongolian carrier Eznis Airways suspended operations on 22 May following persistent financial problems.
According to a statement on its website, the airline will shut down “for an uncertain period of time.”
“The management of the company and the shareholders had done everything during the last two years to survive, to keep positions of our employees and most importantly, to serve the public, but they cannot subsidize the financial losses any longer,” the company adds.
Eznis, which started operations in 2006, had operated on a range of domestic routes from Ulan Bator, including charter services on behalf of mining companies. Flightglobal’s Ascend Online Fleets database shows that it operated a fleet of two Bombardier Dash 8 Q400s leased from Nordic Aviation Capital at the time it ceased operations.