Newsstand - Hungarian airline left out in the cold

The latest attempt to privatize Malev, Hungary's state airline, has collapsed. The government plans to try again, but the climate is getting bleaker by the day. Now, Malev's future looks precarious.
http://dailynews.yahoo.com/h/ec/20010111/wl/hungarian_airline_left_out_in_the_cold_1.html

The Hungarian Government has agreed to inject Ft 9.2 billion (about $33 million) into the State airline MALÉV by yearend, spokesman Gábor Borókai announced.

Appetite for emerging market carriers, which are often state-run, usually over-staffed and short on capital, was on the wane anyway thanks to the rise of global alliances of major carriers and a surplus of seats in a slowing world economy.