Red Wings to be turned into low-cost carrier

Credit: Polina Borodina

Russian tycoon Alexander Lebedev has sold Red Wings Airlines for a symbolic RUB1 ($0.0318) to GHP Group and businessman Sergey Kuznetsov. Vnukovo-based Red Wings ceased operations Feb. 4 after Russia’s Federal Air Transport Agency, Rosaviatsia, suspended its air operator’s certificate (AOC)...

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