We could argue whether public or private ownership is better butm as Malév's example shows, in this case neither could handle the situation. Those mismanaged companies without a clear, accountable business plan that are used for the purpose of party money laundering, and are the victims of shady privatization deals and redemptions will eventually snuff out.
This is what happened to Malév, and it is possible that BKV (Budapest Transport Company) will follow down this road as well. Moreover, it is likely that the attempt to rescue MÁV (Hungarian State Railways) only prolongs the survival of a wasteful and non-financeable structure. Unfortunately the situation is the same with other public companies and institutions that have been sustained wholly or mainly through credit finance, EU funds, outsourcing, downsizing and other tricks over the last years and decades.
Fidesz, at any price, wants to represent its governance as a historical mission and, as things stand at present, it will succeed. But not the way how they originally intended. The fate of Orbán's regime is to collapse with this unsustainable system. I hope they will manage to do it. And than there will be a chance to build a new and better one."
Ádám Kiss; Hirszerzo.hu; February 3. 2012.