Former KGB-agent-turned-tycoon Alexander...

Russian Gazeta newspaper said Lebedev, who owns National Reserve Corporation, is ready to headquarter Red Wings in the North Caucasus and base the airlines in one of the region"s airports which will create additional jobs in the area.

Lebedev said that his proposal was in response to a recent address made by Russian President Dmitry Medvedev to businessmen at the beginning of April while in Makhachkala, the capital of Dagestan.

The president said businessmen have the responsibility to help improve the economic and social situation in the country"s volatile North Caucasus region.

Following the recent terrorist attacks in Moscow and the Dagestani town of Kizlyar, Medvedev said the goal for tougher action against terrorism in the North Caucasus should also focus on developing the region"s economy and strengthening the moral and spiritual aspects of society.

Lebedev, who owns the Independent, the Independent on Sunday and the London Evening Standard, will

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