sentences:  Red Wings was founded in 1999 under the name VARZ-400, after the Russian acronym of the Vnukovo Avia Repair Factory.It was renamed Airlines 400 in 2001, before adopting its current name in 2007.The airline was owned by Russian tycoon Alexander Lebedev, who wanted to create a discount airline using modern Russian Tupolev Tu-204-100B 210-passenger twin-jet airliners, both newly-built and used.