Defense Ministry recommends public sale of MiG-29s
The Defense Ministry has recommended that the Hungarian National Asset Management Company (MNV) put Hungary's 24 decommissioned MiG-29 jet fighters up for public sale without a minimum purchase price, the daily newspaper Népszabadság reported on Thursday.
The Defense Ministry has proposed that MNV sell the aircraft in this way after a recent tender for eight of the decommissioned fighters at a minimum total price of HUF 3.5 billion attracted only eight invalid bids.
Twenty spare engines for the aircraft were sold in the above tender, the newspaper noted.
The Defense Ministry noted that the proposed public sale of the MiG-29s does not mean that "the Hungarian state or the Defense Ministry would like to get rid of the airplanes at any cost, though this possibility ensures greater room for maneuver in the sale of the aircraft."
Népszabadság noted that the Russians have the contractual right to approve the purchase of the MiG-29s, which could represent a political impediment to MNV's sale of the jet fighters.
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.