Malév Hungarian Airlines
Malév, one of the leading airlines of Central-East Europe, has built up enormous experience connecting the cities of West and East Europe.
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Austrian Airlines says not bidding for Hungary's Malev |
Austrian Airlines said on Monday that it would not bid for a 99.95 percent stake in Hungary's national airline Malev because the conditions of the sale are not attractive enough.
"After examining the conditions presented by the Hungarian government for the sale of the state airline (Malev) we have come to the conclusion that we will not participate in the privatisation process," a spokeswoman for Austrian said.
Malev is a smaller central European airline with flights mainly in central and eastern Europe. It has some 36.2 billion forints ($152.4 million) of debt, most of which is guaranteed by the state.
Source: Reuters
12.10.2004
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