Net income of the air company Sibir amounted to 56m rubles ($1.8m) in 2002, compared to 12m rubles ($390,000) in losses in 2001, Sibir General Director Vladislav Filev declared at a news conference. According to him, revenues in 2002 were about $280m, against $96m in 2001. In 2003 the company is planning to carry about 3.2m people.
According to Filev, the air company has fulfilled the company's five-year plan of development. At present another five-year plan is being worked out, he said but did not elaborate on details. Filev noted that Sibir was considering a proposal on attracting resources for its development.
The head of Russian Technologies, Sergei Chemezov, clarified the fate of anti-aircraft guided missiles that Russia was supposed to deliver to China
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13