Moskovia Airlines (3R, Zhukovsky) is set to have its Air Operator Certificate (AOC) suspended by the Russian Federal Air Transport Agency (Rosaviatsia) with effect from August 29 ending weeks of speculation about the airline's future.

Rosaviatsia said in a statement that the decision to revoke Moskovia's AOC came after airline managing director, Mikhail Alekseyev, informed the regulator of its inability to sustain any further operations due to its financial problems.

A surprise audit of the airline's finances in July led the regulator to order it to suspend the sales of tickets for regular flights with effect from July 29.

With roughly 500 paid customers currently in the Montenegrin resort town of Tivat, Moskovia has now outsourced its last remaining return flights to Kolavia (7K, Kogalym).

Moskovia's fleet currently includes a B737-700, three SSJ 100/95s, and three An-12s.