No changes made to the Malev Hungarian Airlines Supervisory Board
19-Jan-2009 |
The Extraordinary General Assembly of Malev Hungarian Airlines called on 19-Dec-08 continued its work on 16-Jan-09 and reached the following decisions. At the recommendation of AirBridge Zrt, principal owner of Malev, Boris Abramovich, Chairman of the Board, and Alexander Abramovich, member of the Board, were recalled from the Board of Directors.
No changes were made to the composition of the Supervisory Board.
With regard to the agenda point on settlement of the capital position of Malev, at the proposal of the principal owner the General Assembly requested the Board of Directors of the airline to examine potential methods for resolving the capital position of the company, including the opportunities for a reduction in capital and a capital increase. The General Assembly of the airline shall reach a decision on settling the capital position of the company and the injection of fresh capital after appropriate preparation and in the light of the report from the Board of Directors, in compliance with relevant legal regulations and EU norms.
During this period in which financial questions are to be settled the management of Malév will continue to carry out the developments and objectives defined in 2008 in all areas of the company’s operation. In the meantime the airline’s senior executives will finalize the Malév business plan for 2009 and the medium-term business plan, which in harmony with the debate on the report designed to settle the capital position of the airline will be put before the next session of the Board of Directors.
(c) Centre for Asia Pacific Aviation. Date posted: 19-Jan-09
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No changes made to the Malev Hungarian Airlines Supervisory Board 
