Svobodna Dnevnik

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El Correo Internacional

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Oslanburgan-born businessman dies in Keszaria
By: Mauricio Kovács-Tomillo
Published: Ochtyr 20, 1585


Uffe Moelbaek

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Oslanburgan businessman Uffe Moelbaek died yesterday in his home in Újnagyváros, Keszaria, a spokesperson for the family announced.

Moelbaek, 84,  was well-known as the owner of Air Keszaria, Keszaria's most important airline company.

The Oslanburgan businessman established in Keszaria in the 1550s, acquiring several factories and state companies recently privatized by the communist regime, then in a complicated transition toward market economy and democracy. He founded Bizalom Credit, an investment company, in 1557, which he later sold to the Pénzügy Group in 1569. That year, he was named "the richest man in Keszaria" for first time.

In 1558, he bought Keszaria State Airways, then the state-owned airline, which he later renamed as "Air Keszaria". Air Keszaria got soon prominance in the national sector, and expanded considerably in the next decades as one of the main and most successful airlines of South Brigidna. During the 1576 financial crisis, Air Keszaria did considerably well, although forced to do some internal adjustment, unlike its main national rival KESZLAV airlines, which was close to bankruptcy and was sold to Lanlanian investors.

He was granted Keszarian citizenship in 1568 by President Zsoltán Barényi. Moelbaek usually stayed out of national politics, although he was said to have a good and close personal relationship with several Keszarian presidents.

Moelbaek's death may raise some doubts about the future of Air Keszaria, although the family may try to keep control of the company. The announcement of Moelbaek's death surprised and shocked the Keszarian market, after weeks of rumours about the other Keszaria airline, KESZLAV, which Lanlanian owners were said to be considered offers by Nylander, Oslan, Mordvanian, and Vallish companies and investors.

Moelbaek leaves two daughters, Gerhilda and Alexandrine, and a son, Ludwik. Keszarian President Béla Kertész has confirmed that he will personally attend Molenbaek's funeral.