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Malév to sell cargo and booking subsidiaries

Hungarian national airlines Malév Rt plans to sell two subsidiaries to boost profit, Népszabadság reported, citing Malév CEO János Gönci.  

Malév wants to sell its freight transport unit, Pannon Air Cargo Kft, and electronic booking system operator Galileo Hungary Kft, Gönci told the paper. The airline may also sell its travel agency, Malév Air Tours Kft, he added, without saying how much the units were worth. Malév, which posted a loss of Ft 1.6 billion ($7.6 million) last year, aims to break even or post a profit this year, the newspaper said. The airline, unsuccessfully sold seven times since the change of regimes 17 years ago, joined British Airways Plc's carrier alliance, Oneworld, in November.