The Yanair airline has canceled all flights until 28 March next year, the airline announced in a statement.

The carrier operated flights from Kiev to Tbilisi, Batumi, Odessa, and other cities.

The airline’s Commercial Director Oleksii Tarasov told the Centre for Transport Strategies that the decision to suspend flights was connected with a fall in the purchasing power of Ukrainians and a fall in business activity in the country, which have led to a fall in demand in the winter.

The Yanair limited liability company was registered in Zhitomir on 15 June 2012. It received its operating license in July 2013. It is based at the Kiev (Zhulyany) airport. Information on the website of the airline states that it currently has a fleet of five aircraft: two Saab 340 turboprop aircraft and three Airbus 320 aircraft.

The Zhitomir mayor’s office announced in July that Yanair had taken delivery of a Boeing 737 aircraft and that it had decided to establish a base in Zhitomir. Yanair’s General Director Yaroslav Ahafonov said in August that flights from Zhitomir would begin before the end of this year.