Putin Associate Sells Gulfstream G650 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.13.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.13.18

Fri, Jul 06, 2018

Putin Associate Sells Gulfstream G650

Says U.S. Trade Policies Prevent Him From Using The Aircraft

A Russian billionaire closely associated with Russian President Vladimir Putin has sold his Gulfstream G650 business jet, citing problems getting spare parts for the aircraft.

Gennady Timchenko made his fortune in oil trading, according to a report from Reuters. He bought the G650 in 2013, according to aircraft registration records. The aircraft normally lists for about $60 million.

Timchenko was put on a sanctions list by the U.S. government following Russia's annexation of Crimea in 2014. Timchenko said in an interview that year that Gulfstream had annulled its service contract on the plane. He told the Russian state news agency TASS that he could not use the airplane "because the company won’t supply it with spare parts, and the pilots don’t have the right to use the navigation, the built-in maps.”

Timchenko twice switched the registration of the aircraft to different countries and changed the registration number, but the jet can be identified through the manufacturer's serial number.  

The new owner is Cyprus-registered Amerivo Holdings Limited. It is now registered in Luxembourg. That company is 100 percent owned by the Russian Direct Investment Fund (RDIF).

(Image from file)

FMI: Original report

Advertisement

More News

'An Extraordinary Friends of Bob Hoover' Event Scheduled For AirVenture Oshkosh

Some Tickets Remaining For The Annual Hoover Get-Together An “EFOB” (Extraordinary Friends of Bob Hoover) event will be held Wednesday evening, July 25th, during this y>[...]

Airborne 07.13.18: Tiny Twin at OSH, New Trig Radios, Noise Nonsense

Also: Whirly-Girls International, Aeolus Launch, Davenport IA Airport Accident, $150K Civil Penalty Over the years, ANN’s Jim Campbell has often remarked about a fondness for>[...]

Klyde Morris (07.16.18)

Klyde... There Ain't No Buck Rogers Without The Bucks! FMI: www.klydemorris.com>[...]

One More Reason To Celebrate Oshkosh -- ANN To Select Best Sportplanes of 2018!

In An Age Clouded By Icon's Flim-Flammery, We Want To Suggest Companies/Planes We HONESTLY Believe You Should Trust As we have in year's past... ANN is dusting off one of our reade>[...]

Details About ANN’s NEW Social Media Program (SMP) For Oshkosh 2018!

ANN Pushes Aviation Media Further Into The 21st Century... ANN is radically updating its social media campaign for the upcoming 2018 Oshkosh AirVenture Fly-In. This is just the lat>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC