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Russian Buys Hungary's State Airline


February 23, 2007 -- Russia's AirBridge consortium, which is owned by billionaire Boris Abramovich, signed a contract today to buy Hungary's state airline Malev.


Under the terms of the deal, made public by Hungary's state privatization agency, AirBridge will pay 200 million forints ($1 million) for the airline, with a commitment to invest another $65 million into the debt-ridden carrier.


(dpa)

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