Forbes finds $70m plane in Shuvalov’s ownership

Forbes finds $70m plane in Shuvalov’s ownership
Igor Shuvalov Photo: Evgenia Novozhenina / RIA Novosti

Business jet Gulfstream G650 is registered to Bermuda-based Altitude X3.

The family of Igor Shuvalov, the former First Deputy Prime Minister of Russia and Vnesheconombank CEO, owns Gulfstream G650, an elite business jet worth about $70 million, Forbes reported citing Luxembourg’s Directorate of Civil Aviation.

According to the information the Directorate published on May 11, 2018, the aircraft with the number LX-MOW is registered with Bermuda-based Altitude X3. Earlier reports claimed that Shuvalovs’ plane Bombardier Global Express was registered with a company under the same name.

Forbes’ sources confirmed that the Shuvalov family owns the LX-MOW. The business jet may not belong to the former First Deputy Prime Minister directly, but it "is indeed exploited in his interests", the source said. Shuvalov’s representative declined to comment on the information.

Shuvalov’s Bombardier Global Express was first covered in the media in 2016 when the Anti-Corruption Fund (FBK) discovered it. Igor Shuvalov's wife Olga allegedly used it to transport her corgis to dog shows across Europe, while Shuvalov’s declaration featured no such jet.

Igor Shuvalov left the government post in the spring of 2018 to head Vnesheconombank in late May. Shuvalov's 2017 income amounted to 91.28 million rubles ($1.443m); his wife made 89.1 million rubles ($1.408m).

 

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