icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russian Airbridge buys Hungarian airline Malev

Russian Airbridge buys Hungarian airline Malev
Hungary has chosen Russia's KrasAir to buy State airline Malev. The government's privatisation agency chose Airbridge – 49% owned by KrasAir – over its Lithuanian competitor.

The two companies are expected to sign the deal next week, with Airbridge paying just over $US200 MLN for Malev.

Hungary has tried several times to sell the troubled airline, which has state-guaranteed debts of over $US150 MLN.

The deal would give Russia's KrasAir a relatively new fleet of 27 Boeing 737s and the chance to boost its European flights.

KrasAir is planning to invest an extra $US50 MLN in Malev airline after the privatisation.