About Us

Air Hungary Szolgáltató Zártkörűen Működő Részvénytársaság was established by the Government of Hungary as a state-owned aviation service competence center. The Company offers a unified institutional framework for the development of Hungary’s logistical potential, the operation of state air transport of commercial goods, the delivery of export products, the performance of important governmental, national economic and humanitarian aviation tasks, and the development and maintenance of regional aviation in the Carpathian Basin. Its activities will also provide direct project and market-based funding for newer areas of national interest, such as aquatic and sport aviation, airport development, promotion of aviation, and aviation education and training.

Air Hungary Zrt. was established on 26 September 2023 by the Ministry of Foreign Affairs and Trade on behalf of the Hungarian State as the founder and sole shareholder, in place of the Hungarian National Asset Management Inc. as the founder exercising the founder’s rights pursuant to Section 29 (3) of Act CVI of 2007 on State Property, on the basis of a power of attorney.

The founder made a cash contribution as share capital and a non-cash contribution of the Airbus A330-243F aircraft and related assets owned by the company. The Founder’s rights and obligations over Air Hungary Zrt. are exercised by the Ministry of Foreign Affairs and Trade on behalf of the Hungarian State pursuant to Section X/5 of Annex 1 of Decree 1/2022 (26 May) of the Ministry of Foreign Affairs and Trade on the designation of persons exercising all the Founder’s rights and obligations over certain state-owned companies.

The main activity of the Company is the rental of air transport equipment. The Company’s share capital is EUR 13,362. The Company’s financial year runs from 1 April each year to 31 March of the following year. The company keeps its accounts in EUR.

The powers of the supreme body of the Company shall be exercised exclusively by the Founder. The Founder shall decide on all matters on which they are entitled to decide under Act V of 2013 on the Civil Code and the Articles of Association of the Company. The Founder is involved in the strategic and operational management of the Company, mainly through the Supervisory Board, by exercising its powers under the Articles of Association. The Founder appoints and recalls the members of the Supervisory Board, decides on their remuneration, on the extension or termination of their term of office and on the appointment of a new member of the Supervisory Board. The Board of Directors is responsible for the management of the Company. Its members and chairman are appointed and removed by the Founder. The Board acts as a body, chaired by the CEO of the Company.