
Dagestan Airlines (Makhachkala, Dagestan, Russia) at midnight on December 16, 2011 the state airline lost its AOC and it was grounded due to excessive debts even though it was a state-owned carrier of Dagestan. At the time of the grounding, the airline was operating three Tupolev Tu-154Ms, a single Tu-154B-2s, two Tu-134Bs, an Antonov An-24RV and Mil Mi-8 and Mi-8MTV helicopters.
Read the full report from Vestnik: CLICK HERE
The company had also been operating as South East Airlines.
The Russian government intends to ground all Tupolev Tu-154s in the next two years. The aging fleet will be retired and replaced.
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