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Hungarian Consortium in Talks to Buy Budapest Airport

MTI-Hungary Today 2020.10.12.

A consortium of Hungarian companies and businesspeople is conducting negotiations about buying Liszt Ferenc International operator Budapest Airport from its three foreign owners, public news channel M1 said on Sunday citing a report by financial news agency Bloomberg.

M1 said that chances for buying back the airport, privatised 15 years ago, could now be better since the coronavirus pandemic has curbed airport valuations.

The airport operator has three owners: GIC, Singapore’s sovereign wealth fund, a Canadian pension fund and AviAlliance, an airport management company which in turn is owned by another Canadian fund, Bloomberg said.

Budapest Airport Projects 80-90% Decline in Passenger Numbers in Autumn, Winter
Budapest Airport Projects 80-90% Decline in Passenger Numbers in Autumn, Winter

Passenger numbers plunged by more than 90% in the first two weeks of September at Budapest’s Liszt Ferenc International Airport compared to the same period of last year and a similar decline is expected for the autumn and winter months, Budapest Airport’s communications director said on Sunday. Speaking on public news channel M1, Katalin Valentinyi […]Continue reading

Senior analyst of pro-government think tank Századvég Gábor Regős told M1 that it made a considerable difference whether the country’s air transport hub had Hungarian or international owners considering that profits totalled 30 billion forints (EUR 84m) last year.

Featured photo illustration by via Budapest Airport