Agence France-PresseFebruary 1, 2013 10:30
Russia suspended on Friday the operations of Red Wings, controlled by liberal billionaire Alexander Lebedev, after the company's passenger jet crashed in December killing five of its crew members.
The state air transport agency said it was suspending the company's operations because Red Wings was experiencing financial problems which precluded it from ensuring proper maintenance of its fleet.
"Red Wings is experiencing a deficit of financial resources to ensure the current operations," Rosaviation said following a probe into the airline after the December 29 crash.
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