Transaero Airlines´ air operator´s certificate (AOC) will be canceled from Oct. 26, Russia’s Federal Air Transport Agency, Rosaviatsia, reported. According to the statement, “the airline is unable to service and repay its debt, as well as fund its operations. That does not meet certification requirements of Federal Aviation Regulations (FAR).” The decision was made by the authorities after the Russian carrier’s unscheduled audit took place on Oct. ...

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