From what I hear they bought an ex American International Airways 747-200 thats been sitting in the desert for many years. They are trying to buy a second. They have office space in Term 4 at JFK.
If they get off the ground I give it about 6 months to a year before the doors are closed... For a company like this they have to plan to fill that -200 on almost every trip to keep the company going... they dont have much money backing them up thats why they couldnt get a -400.
Delta or Aeroflot or both will add more Russia flights and that will be the end.