Linusz claims SGH Aviation acquires airport illegally

City

The Hungarian individual who failed to acquire the assets of a regional airport near Lake Balaton in the fall is now contesting the sale in court, Hungarian news agency MTI reported today.

Imre Linusz, who specialises in assets under liquidation, told the agency that he was contesting the sale with the Zalaegerszeg Court in western Hungary, because he believes that the contract signed with SGH Aviation was illegal on several points.

Linusz, who is reported to be backed by a group of British investors, won the tender for the Sármellék airport – also known as Hévíz-Balaton Airport – assets in July, but failed to pay the HUF 800 mln purchase price on time, according to press reports. The assets were acquired by a competitor, SGH Aviation, which is owned by Gábor Széles, one of Hungary's richest businessmen.

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.

Support the BBJ

Events