Business

Sky Alliance Rt, majorly owned by Malév pilots decided to enter the bid for the state-owned airline within a yet-to-be formed consortium, Zoltán Nagy, president of the supervisory board of Sky Alliance told daily Világgazdaság. Sky Alliance Rt decided in favor of the application after the State Privatization and Holding Company (ÁPV Rt) had dropped from tender criteria the requirement that bidders have to take over Malév's Ft 36 billion debt. Sky Alliance Rt is currently in negotiations on forming a consortium with possible investors, Nagy added. (Vg 1) R.G.

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