Russian carrier Moskovia is to be grounded towards the end of this month after running into financial problems.
The country’s federal aviation regulator, Rosaviatsia, says that the carrier’s air operator’s certificate will be suspended on 29 August.
Rosaviatsia had already limited Moskovia’s operations to charter-only services from September after the airline experienced a period of severe delays in July.
But the authority says that, owing to financial problems, the continuation of its services is an “impossibility”.
Other carriers, including Kolavia, will be recruited to pick up Moskovia passengers, particularly from the resort of Tivat in Montenegro.
Moskovia was established 20 years ago and its fleet includes three Sukhoi Superjet 100s as well as Boeing 737s and Antonov An-12s.