The board of Russia's United Aircraft Corporation (UAC) has given its leasing subsidary, the Ilyushin Finance Company (IFC), the go-ahead to acquire a 74% stake in local carrier, Red Wings (Russia)(WZ, Moscow Vnukovo). A UAC source told Russia's RIA news agency that IFC management are now set to vote in favour of the purchase.
The transaction, which was first announced by IFC's CEO Alexander Rubtsov in July this year, is part of a debt-for-equity swap. The size of the carrier's debt to the lessor has not been disclosed.
Red Wings' entire fleet of four SSJ 100-95s and nine Tu-204s is leased from IFC.
BPE Air, the aviation company founded and wholly owned by entrepreneur Aldrew Crowe, reported approximately US$90 million in revenue in 2025, marking a major milestone in the growth of its integrated...
Dassault will introduce the fourth-generation EASy IV flight deck on newly built Falcon 2000LXS aircraft, while also making the upgrade available as a retrofit across the entire Falcon 2000 EASy fleet...
Daher Aircraft announced the delivery of a Kodiak 900 to Swiss owners Roland and Claudia Primus, who plan to use the aircraft for adventure flying to remote and short-runway destinations. Their travel...
Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...
