News

Malev Ceases Operations

Malev Ceases Operations

Malev, the state-owned Hungarian airline, ceased flying with debts of €205 million after the government withdrew financing. The airline, which was placed under bankruptcy protection earlier this week, stopped operating all fights at 06.00 this morning.

Chief Executive Lorant Limburger said: “Unfortunately, what we fretted about the most and what we have done the most to avert has come to pass. The board has ordered that the Hungarian national airline stop operations. We extend our apologies to all of our passengers.”

Budapest-based Wizz Air is offering stranded Malev passengers one-way flights of “special, discounted” tickets for €34.

Ryanair today announced that it will base four new Boeing 737-800 series aircraft at Budapest Airport commencing on Friday 17th February and open 31 new routes, “subject to reaching final agreement with Budapest Airport today on costs, facilities and handling”.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

Isle of Man Set to Reopen to Vaccinated Travellers from Ireland and UK

Aileen O'ReillyJune 18, 2021

Air New Zealand Employees Recognised with $1,000 Share Award

Aileen O'ReillyJune 18, 2021

Calling All Travel Agents! Dust Off Those CV’s. It’s Time to Get Back to Business!

Aileen O'ReillyJune 18, 2021

Princess Cruises Continues Plans to Resume Cruising in the United States with Sailings Departing from Los Angeles, San Francisco and Ft. Lauderdale in Autumn 2021

Aileen O'ReillyJune 18, 2021

Update on Aer Lingus Regional Replacement Schedule Following The Collapse Of Stobart Air

Aileen O'ReillyJune 18, 2021

Complete Training and Win with Visit Malta

Allie SheehanJune 18, 2021

Prepare To Be Afraid…. Very Afraid…

Aileen O'ReillyJune 18, 2021

Potential “Winter Surge” Predicted for UK as Coronavirus Incidences Soar

Aileen O'ReillyJune 18, 2021

Coronavirus Incidence Rate in Spain Falls to Lowest Level Since August

Aileen O'ReillyJune 18, 2021

Copyright © 2021 ittn