From 1999 to 2007, the Hungarian State Privatization Company ÁPV Rt. (Állami Privatizációs és Vagyonkezelő Rt.) owned 99.5% of Malév shares. The other 0.5% were in the hands of small shareholders. ÁPV Rt repeatedly tried to privatise Malév, finally selling it to AirBridge Zrt.