Support The Moscow Times!

Usmanov Buys an Airbus

Alisher Usmanov acquired the biggest private jet in Russia, a wide-body Airbus A340, as he was selling $1.4 billion of stock in Facebook's initial public offering, two people familiar with the matter said.

Usmanov named the long-range, four-engine aircraft after his father, Bourkhan, according to one of the people, who declined to be identified because the information is private. The plane's 2001 catalog price was $238 million, though the final cost could swell to $500 million depending on how it's decorated and outfitted, said Oleg Panteleyev, an editor at Aviaport.ru.

Usmanov also commissioned the construction of a $100 million yacht that he plans to name Dilbar, after his mother, Izvestia reported last week.

(Bloomberg)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.