The Times 5 April 2013
Alexander Lebedev sold his Red Wings airline yesterday for one rouble (2p) after a fatal crash last year led to the grounding of his fleet.
The Russian billionaire — who owns The Independent and Evening Standard newspapers — said on his personal blog that he had signed papers to hand control of Red Wings to a group of unnamed investors. Mr Lebedev said that he did everything he could to save the carrier.
In December a Red Wings Tupolev Tu-204 overshot the runway at Moscow airport, careered through a perimeter fence and burst into flames on a motorway, killing five crew members. Faulty brakes were blamed for the crash, although Mr Lebedev pointed a finger at air traffic controllers.
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Lebedev sells Red Wings for one rouble
