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Emirates Airlines a mysterious investor behind Hungarys Slyom

by Richa 6. August 2013 04:10

A new airline in Hungary named Sólyom Hungarian Airways is likely to hit to the skies sometime soon in the future. But the owner of the airline still remains a mystery. There are flutters within the aviation industry to ascertain the real owner. Media reports quoting air industry experts recently said that the secret investor behind Hungary’s new airline Sólyom Hungarian Airways could be the leading Middle East carrier Emirates Airlines. The reports cited Emirates Airlines as the quite-likely investor after seeing the confidence of the new airline’s management.

Sólyom Hungarian Airways recently held its first official press conference in the last week of July 2013. The officials addressing media persons said that the management has signed a deal with two strategic investors. One investor is a tourism company registered in Oman, which is a minority owner. The other investor is an unmade Dubai-based company, which is providing with the necessary funding. The airline’s launch is planned for the month of August this year.

The industry sources based on the assessment of Middle East airlines have pointed out that there are three main air traffic hubs in the Middle East, in Dubai, Doha and Abu Dhabi. All the three hubs have their own airline, which together carry around 10 to 40 million passengers every year, most of them being transit passengers. Emirates Airlines with a huge fleet of 200 aircrafts is the largest carrier in the Middle East, and is based in Dubai. Etihad Airways is another large airline which recently bought nearly 30 percent stake in Airberlin. Seeing the Middle East airlines spreading their wings in foreign countries by acquiring stakes in airlines, it can be said that Emirates Airlines is the likely mysterious investor in the new Sólyom Hungarian Airways.

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Tags: emirates airlines, new airline, sólyom hungarian airways

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