Malév Airline for sale for 7th time....

SN30952 · Post by **SN30952** » 08 Sep 2006, 13:13

The Jungarian government invited bids yesterday to sell 99.95% of the Budapest-based carrier, to be submitted by Nov. 3, for 7th time

The most recent attempt to sell Malév a year ago was canceled after the government failed to reach an agreement with Russia's KrasAir.
Malév suffers from competition of low-cost carriers like EasyJet Plc and Ryanair Holdings Plc since Hungary joined the European Union in 2004.

Hungary sold Budapest's Ferihegy Airport for £ 1.26 billion ($2.3 billion) to BAA Plc last December.

star alliance · Post by **star alliance** » 09 Sep 2006, 21:03

no good news for Malev...

regi · Post by **regi** » 11 Sep 2006, 10:54

The China route should be a succes?

SN30952 · Post by **SN30952** » 25 Feb 2007, 04:58

Sold!
For one million.

stevie · Post by **stevie** » 25 Feb 2007, 05:50

the route to china?

SN30952 · Post by **SN30952** » 25 Feb 2007, 06:16

stevie wrote:the route to china?

No the whole of Malev, stevie!

vc-10 · Post by **vc-10** » 25 Feb 2007, 18:18

Are their 737s leased of owned? If they are owned then the 737s are worth loads, as they are modern NG types.

peacemaker · Post by **peacemaker** » 25 Feb 2007, 20:02

are you serious? 1 million for malev? that's not much

Charlie Roy · Post by **Charlie Roy** » 25 Feb 2007, 20:23

Indeed 1.04 million dollars is not much, infact it's only 625,000 euro.

But the pruchaser has to take on a LOT of debt and will need to inject a lot of cash in airline before it can be profitable again.

http://www.playfuls.com/news_09_3702-Hu ... rtium.html

SN30952 · Post by **SN30952** » 26 Feb 2007, 12:20

Charlie Roy wrote:But the purchaser has to take on a LOT of debt and will need to inject a lot of cash in airline before it can be profitable again.

How do you say 'a corpse in the cupboard' in Magyar?

jumpjet · Post by **jumpjet** » 26 Feb 2007, 15:45

I wonder if this will impact on Malev's impending membership of Oneworld as the Airbridge consortium which has bought it also own KrasAIr which [as part of the Air Union alliance] is hopng to join the Star Alaince.