Hungarian media is reporting that Spanish low-cost carrier Vueling is in talks with the Hungarian government over a possible takeover of the troubled Hungarian national carrier. VY is just the latest in a series of foreign airlines that have expressed interest in MA. Prague-based Travel Services charter airline, as well as China's Hainan have had talks with the Hungarian government but with little success. In the past, the Hungarian Government has stated that MA will not become an LCC, however, I think that position will likely change has the options of rescuing MA from financial collapse are diminishing.
As most will recall, the EU recently ordered MA to repay all government loans.
VY will make their decision at next month's board meeting. If the deal is finalized, VY could take over MA before the summer timetable.