2 bids for Malév to be reviewed
Thursday, July 28, 2005, 10:14
The State Privatization and Holding Rt (ÁPV) is scheduled to meet today to review the two bids entered to buy the national air carrier Malév Rt. According to Napi Gazdaság information, both of the bidders, Air Bridge Rt, related to Russia's KrasAir, and Aviation Solution Kft, owned by a consortium of Hungarian investors, have put in the same offer for a majority stake in Malév, however the latter is said to have pledged to inject some Ft 10 billion more into Malév if it wins the tender. Although neither of the suitors have supplied bank guarantees for their bids, both of them have agreed to take over the loss-making airline's entire debt load, Napi said.