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Hungarian Airline Malév may be saved by Russian investors, reported Hungarian daily Népszabadság.
Malév initiated an extraordinary general meeting about possible bailout plans last December. Now the discussions will resume on January 16, although the possible bailout plans will only be addressed from January 27.
The general assembly plans to lower the registered capital to Ft5 million from the current Ft3.6 billion. The next step is for new owners to raise the capital again. The most probable buyers of Malév are the Russian bank Vnyesekonombank (VEB), who financed the privatization of Malév, or the Russian airline, Aeroflot. Hungary has sold Malév to AirBridge Zrt, partly owned by Russian Boris Abramovich.
The BpSun Staff
15.01.2009
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