Red Wings Airlines (WZ, Moscow Domodedovo) has indeed been sold by owner, Russian oligarch, Alexander Lebedev, for the symbolic sum of 1 Rouble (USD 0.0318) to GHP Group and businessman Sergey Kuznetsov. According to RIA Novosti, the new owners last week discussed the possibility of boosting the company’s fleet with Tu-204 aircraft with the Russian Ministry of Industry and Trade. Deputy minister Yury Slusar was quoted as saying “the ministry expects the new owners will develop the carrier’s existing business model, but will add new features, in which case we are ready to help them." Amongst possible business plan changes are the move to a low-cost carrier model. The airline has not operated since February 4 after Russia’s Federal Air Transport Agency, Rosaviatsia, suspended its air operator’s certificate (AOC) following inspections initiated in the wake of the December 29, 2012 crash of a Red Wings Tu-204 which killed five people.
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