Red Wings came under the control of Aviakapital-Service

255
1
AK&M 14 January 2025 06:17

The powers of the CEO of Red Wings Evgeny Solodilin have been terminated. Now the functions of the sole executive body have been transferred to the management organization Aviakapital–Service (part of our holding RT-Finance). This was announced by Rostec.

Igor Zavyalov, Deputy CEO of Rostec, was elected Chairman of the Board of Directors of Red Wings.

The changes in the carrier's management bodies are part of a large–scale transformation of the state corporation's core assets. At the next stage, it is planned to join the Ilyushin Finance Co. leasing company to Aviakapital-Service to create a single leasing organization specializing in transactions with aircraft of domestic production in the interests of Russian airlines.

Rostec State Corporation – engineering company of Russia. It unites over 800 scientific and industrial organizations in 60 regions of the country. Rostec's revenue in 2023 increased by 34% to 2.84 trillion rubles. Net profit increased by 54% to RUB 60.1 billion.

Red Wings Airlines is a Russian airline based at Domodedovo Airport. Until 2007, it was called "Airlines 400".

More news is on the Telegram channel "Mergers and Acquisitions. AK&M».