Russia’s Federal Air Transport Agency, Rosaviatsia, suspended Vladivostok Avia’s air operator’s certificate (AOC), effective Aug. 15.

According to Rosaviatsia, the Russian Far East-based carrier did not have the necessary aircraft to operate its scheduled or charter flights and the company’s financial situation was deteriorating. Its fleet of six Tupolev Tu-204s has been returned to the lessor.

Vladivostok Avia ceased operations several months ago following the November 2013 launch of Aeroflot’s new Far East subsidiary Aurora Airline, which took over Vladivostok Avia’s routes, crews and part of its management.

At the end of 2011, Rostec Corp. transferred 52.156% shares of Far East-based Vladivostok Avia to Aeroflot, together with assets of other regional Russian carriers, to create Aurora Airlines. The package also contained 100% of Yuzhno-Sakhalinsk-based SAT Airlines.