HNA Group, China's fourth-largest airline group and parent of Hainan Airlines Co Ltd signed a strategic cooperation agreement with the Hungarian Capital Association Ltd.
HNA has been tipped by Hungarian media as one of the potential suitors for Hungary's national airline Malev.
The government did not detail the nature of HNA's interest in Hungary.
The countries also signed a general agreement to develop air and river transportation.
Hungarian media have speculated that a Chinese airline operator may be interested in buying Malev, and added that the Chinese would also build a railway link between the airport and downtown Budapest. The release did not mention these projects.
Hungary's government renationalised all but a minor stake in its loss-making flag carrier, Malev Hungarian Airlines, last year. The government has been in intense and high level negotiations with partners it would not name about the sale of the stake.


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