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ÁPV to start talks with Air Bridge on Malév sale

The State Privatization and Holding Rt (ÁPV) has extended the deadline for the privatization tender of the national air carrier Malév Rt and said it will begin one-on-one talks with Airbridge Rt on the sale after it made the best offer, business daily Napi Gazdaság reported. A joint Hungarian-Russian consortium owned 51% by Hungarian investors and 51% by Russian businessman Boris Abramovich, Airbridge said it was prepared to take over Malév?s entire debt load, estimated at Ft 32 billion-Ft 35 billion, and inject fresh capital into the company. According to Napi Gazdaság, however, Aviation Solution Kft, the other bidder, owned by a consortium of Hungarian investors, have put in the same offer but pledged to invest some Ft 10 billion more into Malév.