ADVERTISEMENT

Resurrection for Sólyom? New owner pledges December launch

Analysis

Wobbling new Hungarian airline Sólyom Airways has secured a new owner, which the company says will enable its first flight to take off next month. The organization is called Charity March and is backed by Hungarian business interests in Africa, its head Tamás Weisz told news portal Origo.hu.

Weisz noted that talks on the matter have been ongoing for a month, but declined revealing the amount of money invested citing business confidentiality.

Charity Watch has already been added to corporate records as an owner and now sees the actual launch of the airline in December with two planes.

Sólyom earlier seemed to have fully collapsed as it turned out that it failed to secure necessary permits and when the earlier identified Omani investors backed out of the project. Sector insiders remain widely skeptical about the viability of the venture.

ADVERTISEMENT

BorgWarner, Jabil to invest in Hungarian operations Automotive

BorgWarner, Jabil to invest in Hungarian operations

ÁKK sells HUF 15 bln of 3-month T-bills at auction, as planned Debt

ÁKK sells HUF 15 bln of 3-month T-bills at auction, as planned

Hungary urges EU support for hard-hit hog farmers EU

Hungary urges EU support for hard-hit hog farmers

Dutcham to hold webinar on real estate investments during COVID Conferences

Dutcham to hold webinar on real estate investments during COVID

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.