CaptainChris
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- Εγγραφή
- 29/07/2003
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- Thessaloniki, Greece, EU
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Four potential investors have purchased applications to bid in Hungary's sale of its loss-making national airline, Malev, the business daily Vilaggazadag reported on Friday.
Meanwhile, the government replaced Malev's top management and part of its board of directors on Friday after the airline failed to meet its target of breaking even in 2004, Malev said in a statement.
Investors potentially interested in privatization include Italy's Air One, Aviation Solutions, a group which includes a former Malev chief executive, Kyrgyzstan Airlines, and Sky Alliance, a consortium made up primarily of Malev's pilots, the paper reported.
However, Kyrgyzstan Airlines Vice-President Nikolai Kucherenko denied that his airline was among the interested parties.
"We already have a development program of our own, aimed at modernizing our own fleet, and we would like to concentrate entirely on this," he said.
Hungarian real estate tycoon Sandor Demjan has also said his Euroinvest firm would probably take a look at Malev's privatization.
The government, meanwhile, selected Janos Gonci as Malev's new chief executive and Peter Honig, the deputy chairman and chief executive of steel producer Dunaferr, as Malev's new chairman.
Gonci has served as a board member at both Malev and at Budapest Airport, the operator of Hungary's largest international airport.
Honig ran Dunaferr through its privatization last year and helped broker a deal in which the buyers paid just a token price for the firm but assumed its debts and agreed to maintain full employment.
In the Malev sale, which has already failed three times, the government is hoping for a similar deal, although the terms of the tender do not require the full assumption of Malev's state-guaranteed debts.
(Reuters)
Meanwhile, the government replaced Malev's top management and part of its board of directors on Friday after the airline failed to meet its target of breaking even in 2004, Malev said in a statement.
Investors potentially interested in privatization include Italy's Air One, Aviation Solutions, a group which includes a former Malev chief executive, Kyrgyzstan Airlines, and Sky Alliance, a consortium made up primarily of Malev's pilots, the paper reported.
However, Kyrgyzstan Airlines Vice-President Nikolai Kucherenko denied that his airline was among the interested parties.
"We already have a development program of our own, aimed at modernizing our own fleet, and we would like to concentrate entirely on this," he said.
Hungarian real estate tycoon Sandor Demjan has also said his Euroinvest firm would probably take a look at Malev's privatization.
The government, meanwhile, selected Janos Gonci as Malev's new chief executive and Peter Honig, the deputy chairman and chief executive of steel producer Dunaferr, as Malev's new chairman.
Gonci has served as a board member at both Malev and at Budapest Airport, the operator of Hungary's largest international airport.
Honig ran Dunaferr through its privatization last year and helped broker a deal in which the buyers paid just a token price for the firm but assumed its debts and agreed to maintain full employment.
In the Malev sale, which has already failed three times, the government is hoping for a similar deal, although the terms of the tender do not require the full assumption of Malev's state-guaranteed debts.
(Reuters)