Hungary invites bids to assess Malév ahead of sale
Thursday, June 29, 2006, 10:37
Hungary invited bids to asses national airline Malév Zrt before a seventh attempt to sell the carrier, Napi Gazdaság reported, citing documents published in Tenders Electronic Daily. Hungary's asset-sales agency will spend Ft20 million ($89,400) on the airline's valuation and expects to have the assessment in a month's time, the newspaper reported. Budapest-based Malév is unlikely to be sold until it joins the Oneworld airline alliance early next year, Chief Commercial Officer András Zboray said in an interview. Malév signed an agreement to join the group of allied carriers in November 2005. Hungary has failed to rid itself of the airline in six attempts since the end of communism and after spending Ft 16.2 billion propping up the company over the past five years.