APV, the state privatization agency of Hungary, announced that five investors are competing to buy a 99.95% stake in flag carrier Malev. According to Reuters, three of the applications submitted can be regarded as bids while the other two are letters of intent. APV said it will not release the names of the investors before it announces the winner, which should occur within 30 days.

Subscribe to Access this Entire Article

"Five investors compete for Malev" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.