IFly sold a 9% stake in the Russian charter carrier to tour operator Silk Road, a Hong Kong based company and subsidiary of Joy Tour Global Limited. IFly was previosuly owned 100% owned by Alexander Burtin, the commercial director of Tez Tour.

Silk Road recently registered an office in Moscow in December 2017.

IFly, which ended 2017 with 746,600 passengers transported in the year, operates a fleet of five A330 s and one B757 based at Moscow Vnukovo airport.