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. [...] Low-cost airline Wizz Air has announced that it wants to invest 100 millions of dollars to expand its operations in Budapest and will resume flights from Bucharest to the Hungarian capital. All of these were announced after Hungarian state carrier Malev stopped all flights on Friday. [...]

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

  4. [...] you have to stop their activities because they were recording very high losses, such as the Malev case! And the economic crisis has 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 renowned European companies that stopped their activity in […]

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

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