Taszár Airport Sold to Taiwanese Billionaire

Deals

Aerial photograph of the then fully-functional air base back in 1995.

Photo by the U.S. Air Force

The Hungarian military's airport in Taszár (180 km southwest of Budapest) has been bought by a company owned by a Taiwanese billionaire, according to the website Menedzsment Fórum.

The Taszár military airport operated until 2005 when the Hungarian military closed it for financial reasons.

In 2009, most of its territory was sold to KaposBusz, while the remaining buildings deteriorated.

The sale of the airport at auction closed on March 31, 2023, for HUF 3.6 billion (EUR 9.33 million).

Through several business subsidiaries, the ultimate owner was revealed to be Frank Liu, a Taiwanese businessman who is also a Hungarian citizen.

Czech Inflation Falls in May Figures

Czech Inflation Falls in May

NVB Orders Recount of Invalid Votes in Budapest Mayor Electi... Elections

NVB Orders Recount of Invalid Votes in Budapest Mayor Electi...

Vocational Training Councils Undergoing Renewal HR

Vocational Training Councils Undergoing Renewal

Discover the Potential of Geothermal Energy at Budapest Geot... Conferences

Discover the Potential of Geothermal Energy at Budapest Geot...

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.