Malev is set to wait another two years before it is privatised after Hungary's second attempt in less than six months to sell the loss-making national airline failed as the three bidders all offered too little for the carrier.
As the bids were considered too low, the privatisation agency APV is expected to declare the tender unsuccessful and attempt to sell Malev through direct negotiations with potential investors.
Malev's recently appointed chairman, Peter Honig, said he would prefer the bid to fail and would like up to two years to reorganise Malev before another attempt to sell.
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