Malev Hungarian Airlines has rejected a bid from Aviation Sales of the USA for its Aeroplex of Central Europe (ACE) maintenance subsidiary, and will pursue instead a previously announced joint venture with Lufthansa Technik (LHT).
Malev chief financial officer Erzsebet Antal says a definitive agreement on the venture, LHTBudapest, should be signed by the end of this month. Miami-based Aviation Sales had planned to buy ACE as part of a plan to set up a major European heavy-maintenance base.
The LHT deal calls for the formation of a joint venture between LHT and Malev to take over one of ACE's hangars.
Source: Flight International
