3 suitors for Malév appeared
Friday, July 8, 2005, 08:08
Russian airline KrasAir, Aviation Solution International and UK-based private equity fund Argus Capital Ltd. are bidding for Malév Rt., Hungary's state airline, business daily Világgazdaság said. This is Hungarys sixth attempt to sell the unprofitable carrier since 1989. Argus will probably be eliminated from the final round for being a financial investor. Aviation Solution International is led by former Malev Chief Executive Ferenc Kovács. Hungary could select a winner by the end of the month, according to Világgazdaság. Authorities canceled the previous sale and invited new bids March 31.