ADVERTISEMENT

Hungary invites bids to assess Malév ahead of sale

Tourism

Hungary invited bids to asses national airline Malév Zrt before a seventh attempt to sell the carrier, Napi Gazdaság reported, citing documents published in Tenders Electronic Daily. Hungary's asset-sales agency will spend Ft20 million ($89,400) on the airline's valuation and expects to have the assessment in a month's time, the newspaper reported. Budapest-based Malév is unlikely to be sold until it joins the Oneworld airline alliance early next year, Chief Commercial Officer András Zboray said in an interview. Malév signed an agreement to join the group of allied carriers in November 2005. Hungary has failed to rid itself of the airline in six attempts since the end of communism and after spending Ft 16.2 billion propping up the company over the past five years.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.