moscow news

ST. PETERSBURG, June 21 (RIA Novosti) -...

ST. PETERSBURG, June 21 (RIA Novosti) - Rossiya Airlines, a St. Petersburg-based air carrier, plans to buy four A320 Airbus planes in 2008, a senior company official said Thursday. Gennady Boldyrev, first deputy director general at Rossiya Airlines, said an initial protocol had already been signed and a contract was being drawn up. The airline is expected to obtain the first A320 jet in November 2008. Boldyrev said his company would buy Tu-204-300 planes for private carriage, using federal budget funds. Rossiya also expects to receive three long-haul Boeing-767 aircraft later this year. The Airbus A320 is a medium-haul airliner with a passenger capacity of up to 120 and an average flight range of about 3,000 miles. Rossiya Airlines was established in 2006 through a merger between Pulkovo Aviation Company in St. Petersburg and Moscow"s Russia State Transport Company. Its pool has 52 passenger aircraft, including five Boeing 737 and two Airbus A-319 planes. At this week"s air show at Le Bourget outside Paris, Russia"s flagship airline Aeroflot signed a contract with Airbus to buy 22 A350 passenger planes and Russia"s S7 Airlines (formerly Sibir) said it would purchase 25 A320 planes.

Russia"s ailing car giant AvtoVAZ said on...

Russia"s ailing car giant AvtoVAZ said on Thursday it planned to begin the production of Renault and Nissan cars in 2012-2013, a year later than Russian officials had planned.

The Russian government is set to return...

The Russian government is set to return for the first time during the crisis period a major bank it has rescued from bankruptcy, a business daily reported on Monday.