The deal on joining the Red Wings in the leasing company IFK will be approved before the end of November

DUBAI, 8 November. The transaction on occurrence of the airline Red Wings in the leasing company “Ilyushin Finance” (IFC) will be approved before the end of November. The journalists in the framework of the Dubai Airshow 2015 said General Director “Ilyushin Finans” Alexander Rubtsov.

“With The Red Wings. We are in heavy negotiations with the shareholder on the terms of the management of the company following the conversion of debt into equity. Like, the main parameters we agreed on. Now preparing a legal agreement with the current shareholder, if all goes well, we should go to the Board of Directors, until the end of November a deal to approve and move forward with additional shares, conversion of debt into equity. The process goes, but with low speed rail”, – he said.

Answering the question whether it will maintain its position in the airline’s current General Director Red Wings, Evgeny Klyucharev, Alexander Rubtsov said: “I think he is quite successful CEO, and the company is significantly improved from the point of view of market positioning.”

Previously, the Board of the United aircraft Corporation (UAC) has given a positive opinion on the acquisition of 75% stake in airline Red Wings leasing company “Ilyushin Finance” (IFC, 48,4% of shares are owned by UAC). Red Wings has a debt to the leasing company for seven Tu-204.

After the IFC will acquire a 75% stake in the airline, the United aircraft Corporation as majority shareholder IFC will receive in their sphere of influence one of the potential customers of domestic aircraft.

The Red Wings fleet consists of aircraft of domestic production: eight Tu-204 and four Sukhoi Superjet-100 (SSJ-100), and by the end of 2016 it is planned to increase the fleet to 10 SSJ-100. The Red Wings will be able to perform the function of a captive company that will provide the KLA orders for aircraft, which later will be transmitted in wet leasing to other airlines.