The Bolivian Civil Aviation Authority suspended permission for LaMia airline to operate on Thursday afternoon, after data revealed that the plane had run over its four-hour fuel capacity by 20 minutes.
The passenger jet carrying 77 passengers plummeted into the Colombian mountains on Monday – killing 71.
It virtually wiped out the top Brazilian football team Chapecoense Real and left goalkeeper Jackson Follman with life-changing injuries.
A pilot listening in on the airwaves said he heard Quiroga crying out on the airwaves “there”s no fuel”, “help us” and “we”re going down”.
An audio tape aired on Columbian TV captures the moment the pilot radioed the control tower on Monday evening seeking priority to land immediately, but was told he would have to wait seven minutes.
Chapecoense player Danilo Padilha, 31, survived the initial plane disaster which has now claimed 71 lives.
Heartbreakingly he died just after speaking to his wife on the phone from a hospital bed in Medellin, Columbia.
Co-pilot Sissy Arias, 29, was working on the doomed passenger jet as it flew to Medellin.