On Septmber 4 last it was announced that KD Avia was having it's AOC revoked as of September 14. On September 8 the airline declared bankruptcy and ceased flying. The fleet of 15 aircraft were dispersed around Europe as they were returned to the lessors.
Kaliningrad Avia was formed after the Second World War in October 1945, based in the Russian city of Kaliningrad. It took until 2004 before interntaional operations commenced at which time the airline's fleet consisted of Tu134 and Tu154 aircraft. In May 2005 the company changed it's name to KD Avia, the same year it began the westernisation of it's fleet.
Earlier this year the airline fell victim to the worldwide credit crunch. After failing to meet debt repayment schedules the airline's shares were transferred to a St. Petersburg based bank. Later the regional government decided to invest 4m rubles ($128m) in the company in return for a 55% shareholding in KD Avia and it's terminal at Khrabrovo Airport. The rescue came too late however as the company declared itself bankrupt on September 8 with debts of 12m rubles ($387m). Staff hadn't been paid since April, so dire was the company's predicament. In 2008 the company carried over 1.2m passengers but during the first half of 2009 passenger numbers fell by 35%.
The majority of the aircraft in the KD Avia fleet have been moved to Paris de Gaulle or Lasham in Hampshire. Yesterday evening, B737-3M8 registered EI-DTY arrived in Shannon having flown Kaliningrad - Paris de Gaulle. The aircraft is msn 25017 and is the former G-IGOV from British Airway's failed attempt at low cost - Go.
Pictured above EI-DTY is seen under tow to the Air Atlanta Aero Engineering hangar at lunchtime today.
Saturday, September 12, 2009
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