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12 Jan, 2007 08:54

Russian airlines alliance aims at Hungarian operator Malev

Russian airlines alliance aims at Hungarian operator Malev

Hungary has announced two out of the four contenders for purchasing Malev airlines. They are Lithuania's L.A.L. and Russia's Air-Union – an alliance of airlines led by KrasAir.

Media reports suggest the Russian company has made the best offer for Malev – almost $US 200 MLN.

Malev, which has a fleet of 26 aircrafts, is to be privatised by January 25th.