fbpx Malev suspended operations after 66 years of activity

Malev suspended operations after 66 years of activity (bankruptcy)

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Hungarian state-owned airline, Malev, announced on Friday that, starting at 6 AM, it has stopped working. No aircraft has risen from the ground after 66 years of activity.

To Romania, Malev operates flights on the Bucharest-Budapest route. Four planes were supposed to arrive this morning in Bucharest, Tel Aviv, Dammam and Damascus, but this did not happen again.

Malev

Malev generated 40% of the annual turnover of the Budapest International Airport and had a fleet of 22 of passenger aircraft. The Hungarian government has failed to privatize the company with 2.600 employees and has abandoned 2010 from this strategy.

Here's why 2012 is not a good year for some airlines. Malev stopped working today, just days after Spanair canceled all flights.

6 Comments
  1. […] Post navigation ← Previous […]

  2. […] The low-cost airline Wizz Air has announced that it wants to invest $ 100 million to expand its operations in Budapest and will resume flights from Bucharest to the Hungarian capital. All this was announced after the Hungarian state operator Malev stopped all flights on Friday morning. [...]

  3. […] = 'http://widgets.digg.com/buttons.js&#039;; s1.parentNode.insertBefore (s, s1); }) (); On February 3, Malev suspended operations after 66 years of activity. Following this action, the leasing company ILFC took back […]

  4. […] Have to stop their activities because they suffered very high losses, for example the case of Malev! And the economic crisis makes its mark on the aviation industry […]

  5. […] Among airlines, especially state-owned ones. I mention here the cases of Malev and Spanair, two of the well-known European companies that stopped their activity in […]

  6. […] Malev bankruptcy in 2012, several routes operated from / to Hungary were abandoned. Wizz Air and Ryanair took over a […]

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