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Malev shareholders meeting takes no decision on lease or capital raise

A shareholders meeting of Hungarian national carrier Malev on Friday failed to decide on the extension of an aircraft lease contract or on a capital raise, Malev board chairman Janos Berenyi told in a statement to MTI late on Friday.

Talks on the lease in Amsterdam are still underway, Mr Berenyi’s statement said, adding that Malev board will tackle the issue at its meeting on Monday.

Malev communications director Marta Rona told MTI earlier in the day that the shareholders meeting was recessed until 6pm because talks with the company that leases the airline its Boeing aircraft had not finished.

A modification of Malev’s contract with leasing company IFLC as well as a capital raise were on the agenda of the general meeting which started on January 6 but was suspended.