CAPA

The Hungarian government, in the form of the current ruling party, Fidesz, has a chequered history where its gateway airport in the capital, Budapest, is concerned.

Having once owned the airport, it had cancelled a contract with a foreign company to build a terminal (at some cost) and then subsequently threatened to renationalise it and/or list it on the stock exchange on several occasions after it was privatised when Fidesz was out of power. Latterly a consortium with connections to the government had sounded the owners out, late in 2020.

Now the government has made an unsolicited bid to buy the majority share that is held by the German company, AviAlliance.

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