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Malev privatization may fail - report.


The Hungarian government's attempt to sell national airline Malev is likely to fail, the business daily Napi Gazdasag has said.

The bidders offered between HUF150m and HUF200m for Malev and said they would assume some of the carrier's nearly HUF35bn debt, said the newspaper quoting unnamed sources.

As the bids are too low, the privatization agency APV is expected to declare the tender unsuccessful this week and attempt to sell Malev through direct negotiations with potential investors, the newspaper added.

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Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:4EXHU
Date:Mar 31, 2005
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