A lot of airlines seem to be changing colours recently and not many of them seem to be doing a nice job of it. This is not a bad attempt, it is more modern than their current offering, but it still looks a little bit of a rushed job.
I don't think it looks more modern IMO, and I really don't like it, but maybe that's just me.
The one from Russia I really do like at the moment is Aeroflot, really elegant!