If heavily indebted means you lost $19 million during the first half of the year and overall debt is $179 million, what would you call Delta, UAL, USAirways, AA? Malev has a modern fleet of mostly Boeing aircraft. Are they too small to compete against the big European airlines like BA, KLM / AF ? Boeing 737-600 NG 6 units - 102 seats Boeing 737-700 NG 4 units - 119 seats Boeing 737-800 NG 4 units - 180/160 seats Boeing 737-300 2 units -123 seats Boeing 737-400 1 units - 143 seats Boeing 767-200ER 2 units - 185 seats Fokker 70 6 units - 67 seats CRJ 200 ER 4 units - 50 seats Total: 29 units At 03:04 PM 07/09/2004 -0400, Bill Hough wrote: >The article below from NYTimes.com >has been sent to you by psa188@xxxxxxxxx > > > > >Hungary Makes Another Effort to Sell Malev > >September 7, 2004 > By THE ASSOCIATED PRESS > > > > > >Filed at 11:06 a.m. ET > >BUDAPEST, Hungary (AP) -- The Hungarian government >announced Tuesday that it would again try to sell heavily >indebted Malev Airlines, which lost almost 4 billion >forints ($19 million) in the first half of the year. > >The sale will take place in a one-round open tender and >bids for the national carrier can be made until Oct. 20, >the state privatization agency said. > >Since its return to democracy in 1990, Hungary has made a >number of unsuccessful attempts to sell Malev. > >In 1997, Hungary bought back a 35 percent share in the >airline that it had sold to Alitalia and another Italian >investor after the European Union forced the Italian >carrier to sell its foreign interests. > >This time around, Hungary will be selling a 99.95 percent >stake in the company and said buyers would have to pay 90 >percent of the purchase price in cash, inject fresh capital >and take over Malev's debts, which in July stood at 36.7 >billion forints ($179 million). Of the debt, 33 billion >forints are guaranteed by the state. > >The privatization agency said bidders would also have to >show how they intend to preserve Malev's status as >Hungary's national airline. Although the agency did not >elaborate, the government has said that status would give >the airline competitive advantages within the EU. > >http://www.nytimes.com/aponline/business/AP-Hungary-Airline-Sale.html?ex=1095583888&ei=1&en=04e5734c0b2ec170 > > >--------------------------------- > >Get Home Delivery of The New York Times Newspaper. Imagine >reading The New York Times any time & anywhere you like! >Leisurely catch up on events & expand your horizons. Enjoy >now for 50% off Home Delivery! Click here: > >http://homedelivery.nytimes.com/HDS/SubscriptionT1.do?mode=SubscriptionT1&ExternalMediaCode=W24AF > > > >HOW TO ADVERTISE >--------------------------------- >For information on advertising in e-mail newsletters >or other creative advertising opportunities with The >New York Times on the Web, please contact >onlinesales@xxxxxxxxxxx or visit our online media >kit at http://www.nytimes.com/adinfo > >For general information about NYTimes.com, write to >help@xxxxxxxxxxxx > >Copyright 2004 The New York Times Company