Are you sure?

Hungary needs nat'l carrier, but at what price?

Hungary needs a national airline, but the question is how and at what price, Attila Márton, government commissioner in charge of air travel, said in Tuesday's issue of daily Magyar Hírlap.

What is certain is that national carriers have to break even at operating level, Márton said. The European Union will not allow billions of forints of public money to be pumped into Malév in the long term, nor is the state capable of doing so, he explained.

A complete evaluation of Malév's situation has been completed, Márton said.

Márton told MTI a week earlier that Malév could break even at operating level in 2-3 years.

Malév was renationalized in February through a HUF 25.4 billion capital raise by the state, including HUF 20.7 billion in cash and HUF 4.7 billion in converted debt.

In March, the government decided on an HUF 8.1 billion owners' loan for Malév to give it the liquidity necessary to operate. (MTI-Econews)