It has been reported that 51% of budget Russian carrier Red Wings is being offered for sale by owner Alexander Lebedev to the government for a symbolic 1 rouble. Red Wings’ operating license has been revoked since February when an investigation found that the fatal crash of one of its Tupolev Tu-204 on December 29 at Moscow’s Vnukovo airport may have been the result of deficiencies in the company’s pilot training and servicing. Lebedev has sold 49% of the airline to an unnamed Cyprus-based company for an undisclosed sum and plans to offer national development bank Vnesheconombank (VEB) and Russia’s

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In