newstodate.aero
Dec 10, 2007 (newstodate): Russian-owned Hungarian carrier Malev has announced a new strategy to develop its Russian route network further.
Behind the strategy is a five-year cooperation agreement between Malev and AiRUnion, Sukhoi Company and the Bank for Development and Foreign Economic Activities of the Russian state.
The dynamically developing Russian market holds out the potential of continuous expansion and growth projected many years into the future, Malev says.
Malev intends to implement its ambitious plans with the cooperation of AiRUnion, Russia's second largest airline, and Sukhoi Company.
At the same time, the EU Commission has decided to open an investigation with the Hungarian authorities as to control and ownership of Malev Hungarian Airlines, acquired by AiRUnion in a tender process earlier this year.
AiRUnion now controls 99.95 percent of the shares in MAlev, by far exceeding EU's limit of 49 percent non-EU ownership crucial for maintaining the carrier's EU designation.
Behind the strategy is a five-year cooperation agreement between Malev and AiRUnion, Sukhoi Company and the Bank for Development and Foreign Economic Activities of the Russian state.
The dynamically developing Russian market holds out the potential of continuous expansion and growth projected many years into the future, Malev says.
Malev intends to implement its ambitious plans with the cooperation of AiRUnion, Russia's second largest airline, and Sukhoi Company.
At the same time, the EU Commission has decided to open an investigation with the Hungarian authorities as to control and ownership of Malev Hungarian Airlines, acquired by AiRUnion in a tender process earlier this year.
AiRUnion now controls 99.95 percent of the shares in MAlev, by far exceeding EU's limit of 49 percent non-EU ownership crucial for maintaining the carrier's EU designation.