Hungary in talks with European investor on airline

BUDAPEST: Hungary is in talks with a European investor about cooperation on forming a national airline after talks with Chinese investors fell through, development minister Tamas Fellegi said on Monday.

"We are in talks with possible European investors. I cannot say who, as it is a publicly listed company and we try to defend their interests," Fellegi said.

"These are advanced talks we can probably strike a final deal in the spring of 2012."

The government had conducted a series of talks with Chinese carrier Hainan Airlines on potential cooperation.