Hungary Needs To Inject More Cash Into Malev - Report

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  1. uggboy
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    Hungary Needs To Inject More Cash Into Malev - Report:confused:

    Hungary's government has to inject HUF18.5 billion forints (USD$97.25 million) into loss-making airline Malev by end-August to raise its equity, Hungarian daily Magyar Hirlap reported.

    The increase is necessary even after Malev's shareholder meeting on Friday decided to raise its capital by HUF4.5 billion forints, because the company still has negative equity, the paper said on its website, citing the state National Asset Management company (MNV).
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