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FINANCIAL NEWS
Oman, UAE to invest in Hungarian airlines industry
22 Jul 2013
(MENAFN) Oman and the UAE have reached an agreement with Hungarian businessmen to establish new Hungarian airways in Budapest, reported Arabian Business.
Solyom Hungarian Airways is set to operate six aircrafts by the end of September, and has plans to expand in the Middle East and North Africa, reaching 50 aircrafts by 2014.
It’s worth mentioning that the Hungarian airline will be funded by investors from both Oman and UAE, as the Solyom chef executive clarified.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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