Malev Receives $18.5 Million Loan From Hungary, MTI Reports

Malev Zrt., the unprofitable state- owned Hungarian airline, received 4.2 billion forint ($18.5 million) government loan, MTI reported, citing the Hungarian National Asset Management Agency.

The loan lasts three years and the amount must be repaid in full at maturity, the state news service said.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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