30-Oct-2009 12:52 PM

Hungary considers ownership or financing of Malev

Hungarian Finance Ministry stated it is willing to consider ownership or financing of Malev to ensure the carrier continues to operate (Reuters, 29-Oct-2009). Hungary and Russia have also conducted talks regarding the future of Malev. Russia’s state-owned development bank, Vnesheconombank, owns a majority stake in the carrier, acquiring it from Russian investor Boris Abramovich earlier this year.