This is according to a report that I read in the Russian news magazine Профиль.
The Russian firm NRK, owner of 30% of Aeroflot shares, itself owned by oligarch Alexander Lebedev, is planning to lease 20 used A320s from Airbus in order to setup a low-cost carrier before the end of the year. The project is currently known as National Wings - Крылья Родины.
This news comes following the announcement at Farnborough that NRK is buying 48% of the shares of the German charter carrier Blue Wings. According to NRK, National Wings will become an amalgam of Blue Wings and an existing Russian carrier NRK is seeking to take over.
Sources (both Russian only):
Since this is done by an SU parent company, I wonder how this fits into SU's famously declared ambition to grow substantially on the home market. Will this do for them what 4U is doing for LH? Anyway, price competition is not a bad thing. I have friends living in the Russian Far East who dream of going to Moscow for a holiday, but always end up in Tokyo, Seoul or Beijing because it's so much cheaper.
Perhaps Russian A.netters can shed more light on this story.