Moscow still exploring ways of establishing a new Hungarian-Russian airline

Friday, May 27, 2016

Russia continues to explore ways of establishing a Hungarian-Russian airline said Denis Manturov Russian Minister of Industry and Trade, but the company must be profitable and stand on its own feet without state subsidy he added.

Manturov talked to RIA Novosty news agency about the Russian government’s position on the issue on Tuesday in Venice. The Russian news agency recalled that Russian officials announced earlier that Russia was ready to examine the possibility of investing into a Hungarian national airline and supply the company with Sukhoi Superjet 100 aircraft.

Our colleagues are studying the issue jointly with Hungarian government officials said the Russian minister.

I can confirm that we are interested in this project, but we must find an optimal business solution that makes this company commercially efficient and does not require state subsidy said the minister.

"We would like to supply commercial aircraft to Eastern European markets" said the minister.

One option would be that Sukhoi aircraft manufacturer operated as a Hungarian company subsidiary, but the minister did not rule out the possibility of establishing a Hungarian company to which Russia would offer "advantageous financing" to buy Sukhoi Superjet 100 aircraft.

(MTI –