Installation hangs at "waiting for hardware to initialize" and then results in a backtrace

Issue

• installing Red Hat Enterprise Linux 6 hangs at "Waiting for hardware to initialize" and results in a backtrace

        Waiting for hardware to initialize...
        Waiting for NetworkManager to configure eth0.

• virtual machine is installed using 'virt-install' gives traceback

# virt-install --connect=qemu:///system --extra-args=console=ttyS0 nofb headless loglevel=debug cmdline \
ip=10.65.x.x netmask=255.255.x.0 gateway=10.65.211.x dns=10.65.x.x,172.x.x.28 ks=nfs:x.x.x.redhat.com:/rhev_storage/ks.cfg \
--name=lvgxtv02 --vcpus=1 --ram=2048 --network=bridge:br0 --os-type=linux --os-variant=rhel6 --disk path=/dev/mapper/vm_test-lvol0 \
          --nographics --noreboot --wait=30 --location=nfs:x.x.x.redhat.com:/mnt

• hitting the 'Enter' key results in the following trace back:

        loader received SIGSEGV!  Backtrace:
        /sbin/loader[0x409943]
        /lib64/libc.so.6(+0x32ac0)[0x7f11097e9ac0]
        /lib64/libnewt.so.0.52(newtGetKey+0x40)[0x7f110cdba710]
        /lib64/libnewt.so.0.52(newtFormRun+0x455)[0x7f110cdbd195]
        /lib64/libnewt.so.0.52(newtRunForm+0x10)[0x7f110cdbd470]
        /sbin/loader[0x41d634]
        /sbin/loader[0x41f766]
        /sbin/loader[0x40b314]
        /lib64/libc.so.6(__libc_start_main+0xfd)[0x7f11097d5c9d]
        /sbin/loader[0x4076f9]
        install exited abnormally [1/1]

or

    loader received SIGSEGV!  Backtrace:
    /sbin/loader[0x409943]
    /lib64/libc.so.6(+0x32ac0)[0x7fa52d12dac0]
    /lib64/libnewt.so.0.52(newtGetKey+0x40)[0x7fa5306fe710]
    /lib64/libnewt.so.0.52(newtFormRun+0x455)[0x7fa530701195]
    /lib64/libnewt.so.0.52(newtRunForm+0x10)[0x7fa530701470]
    /lib64/libnewt.so.0.52(+0xe3fa)[0x7fa5307073fa]
    /lib64/libnewt.so.0.52(newtWinMessage+0x8a)[0x7fa53070786a]
    /sbin/loader[0x419ef8]
    /sbin/loader[0x40b3bb]
    /lib64/libc.so.6(__libc_start_main+0xfd)[0x7fa52d119c9d]
    /sbin/loader[0x4076f9]
    install exited abnormally [1/1]