northernlights
Topic Author
Posts: 85
Joined: Thu May 20, 2004 8:13 pm

MA Privatized... FI Interested!

Wed Oct 13, 2004 4:27 pm

I just read an article in the local Icelandic news that Icelandair is studying the case in taking a possible stake in the to be privitazed Hungarian state airline Malev.

According to the article, four groups are showing an interest in Malev and are looking individually into the books of the airline. These four are Icelandair, Euro Invest, the management of MA and an unknown fourth party.

It is locally known in Iceland that one of the key developments for the Icelandair group in the next few years is expansion. Let´s wait and see how this news will develop.

Has anyone, eg. from Hungary or Malev, heard anything about this news?

Greetings from the far North!  Big thumbs up
 
TW741
Posts: 340
Joined: Thu Sep 09, 2004 11:04 pm

RE: MA Privatized... FI Interested!

Wed Oct 13, 2004 4:31 pm

Icelandair is knew to me as a potential buyer of Malev but why not? All I know for certain is that OS has withdrawn from purchasing Malev due to the conditions involved. The buyer must not only purchase the airline but must also absorb the debt and must increase the paid up capital to a certain amount. All you get is the company with hardly any assets - all aircraft of Malev are leased.
TWA - we showed you how good we have been!
 
codeshare
Posts: 1689
Joined: Tue Sep 10, 2002 2:23 am

RE: MA Privatized... FI Interested!

Wed Oct 13, 2004 6:57 pm

What about George Soros and the Hainan (can't remember exactly) Airlines plot? They were supposed to buy a stake in MA?
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