March 10 (SeeNews) - Moldovan flag carrier Air Moldova said on Friday that it has cancelled all its flights for the day and will gradually resume operations on Saturday with the help of three leased aircraft.
“Currently, Air Moldova is facing previously announced operational difficulties, due to a fleet deficiency,” the company said in a press release.
In order to mitigate existing operational difficulties, the airline contracted three aircraft from European companies to resume part of its scheduled flights.
Aside from cancellations, some planned flights will also undergo schedule changes and flight frequencies for certain destinations will be reduced.
The airline is in the process of reorganising its operational activity in order to fulfil its obligations towards its passengers.
In November, Moldova's Civil Aviation Authority (CAA) said that Air Moldova is in danger of insolvency and asked it to submit a plan to remedy its vulnerabilities.
“The company is facing a series of problems, mostly of financial nature,” Victor Neaga, deputy director at CAA, told Moldovan broadcaster Jurnal TV on Thursday. The total debt of Air Moldova currently stands at 2 billion lei ($106.5 million/100.8 million euro), he added.
Air Moldova was established in 1993 and currently holds approximately half of the air passenger flow registered on the Moldovan market.
(1 euro=19.8477 lei)