Malev has secured a £24m cash boost after an agreement between its owner AirBridge and a local bank.
The deal is the final part of the airline”s privatisation in February 7, 2007 when AirBridge bought it from the Hungarian government.
At the time of the deal, AirBridge said it would invest ”14.5m (”18m) in the carrier.
Now after an agreement with Vnyeseconombank, it plans to invest an extra ”9.7m (”12m) on top of the original sum.
Malev said the money would be used to ”put the company in order” including helping to pay for new aircraft.
www.malev.com.