Advanced talks on establishing new Hungarian national airline underway - Fellegi

History

Advanced talks are underway with European investors on the establishment of a new Hungarian national airline, based in Budapest, National Development Minister Tamas Fellegi said on Monday.

A shareholders’ agreement is expected to be reached in the spring of 2012, Mr Fellegi said.

Mr Fellegi said he had made a verbal agreement with Joaquin Almunia, EU commissioner for competition policy, that the government would not sell troubled national carrier Malev until an EU investigation of illegal state aid for the airline is completed and a decision is announced.

There is no "plan B" for Malev, he said, adding that it was by no accident that the airline did not appear in the 2012 budget bill.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.