Malev Hungarian Airlines, which has come under massive pressure as a result of the increasing debt facing its controlling shareholder, KrasAir affiliate AirBridge, announced it was granted access to €30 million ($42.8 million) in capital as a result of an agreement between AirBridge and Vnyeseconombank. KrasAir leads the AiRUnion alliance that has required a bailout and rescue by the Russian government (ATWOnline, Sept. 9). Malev said the new deal "fulfills all the financial ...

Subscribe to Access this Entire Article

"Malev gets €30 million capital injection" 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.