Are you sure?

Decision on Malév put off till after shareholders close 2010 books

A decision on putting Hungarian airline Malév's capital position in order will be made only after shareholders close the books on 2010 at an annual general meeting and the 2011 business plan is presented, the Hungarian National Asset Management Company (MNV) told MTI.

A decision will not be made on the matter after a shareholders meeting on Thursday, MNV said.

Representatives of MNV, which holds more than 95% of Malév, will propose postponing putting Malév's capital position in order at the meeting on January 6 on the mandate of the MNV board, MNV said.

The 2011 Budget Act allocates more than HUF 13 billion to raise Malév's capital. (MTI – Econews)