Malev Hungarian Airlines News Stories

Budapest Airport Recovering From Malev Collapse

January 15, 2013

The danger of an HUF800 billion forint (USD$3.61 billion) hit to the Hungarian budget from compensation payments linked to a fall in business at Budapest Airport faded on Tuesday as airport operator Hochtief said the facility was doing well.
Read story

AirAsia To Open Talks With Malindo Airways

September 27, 2012

AirAsia is to open talks with low-cost rival Malindo Airways which aims to start its own low cost operations in Malaysia in May 2013, according to a report in the country's Business Times.
Read story

Hungary Faces USD$3.6 Bln Airport Bill

February 8, 2012

Hungary could face a compensation bill for up to HUF800 billion forints (USD$3.62 billion) from Germany's Hochtief, operator of Budapest's international airport, following the collapse of flag carrier Malev.
Read story

Rivals Swoop In As Malev Stops Flying

February 5, 2012

After Hungarian flag-carrier Malev ceased operating on Friday, several budget carriers, including Ryanair and Air Berlin, announced an immediate increase in their flights from Budapest airport.
Read story

Malev Grounded As Planes Held Overseas

February 3, 2012

Hungarian flag-carrier Malev ceased operating early on Friday morning after 66 years of almost continuous service, after its planes were held overseas for unpaid debts.
Read story

Hungary Appoints Malev Receiver

February 2, 2012

Hungarian flag-carrier Malev was placed under extraordinary protection from creditors and a receiver was appointed as the government prepares for a possible grounding of all flights, the Development Ministry said on Thursday.
Read story

Hungary Prepares Possible Malev Grounding

February 1, 2012

Hungary's government published decrees to prepare for a possible stoppage of national airline Malev, just hours after the carrier said it still hoped that a potential buyer could save it.
Read story

Hungary Fighting To Keep Malev Flying

January 31, 2012

Hungary is facing a race against the clock to keep debt-stricken national airline Malev in business while it tries to secure a private investor after the carrier was placed under bankruptcy protection.
Read story

Hungary's Malev Runs Out Of Cash

January 30, 2012

Hungarian airline Malev said it doesn't have the financing to keep going, hours after the government took preparatory steps to restructure the loss-making carrier and protect it from bankruptcy proceedings.
Read story

Hungary Tries To Save Malev After Aid Ruling

January 9, 2012

Hungary scrambled for ways to save national airline Malev on Monday after the European Commission ordered the loss-making carrier to repay hundreds of millions of dollars of illegal state aid.
Read story

Malev May Have To Pay Back State Aid

December 5, 2011

The European Union could rule that Hungary's state-owned airline Malev should pay back tens of billions of forints of state aid when it concludes a competition review next year, Development Minister Tamas Fellegi said on Monday.
Read story

Hungary To Raise Malev Capital Again

August 23, 2011

Hungary's government will raise the equity of loss-making airline Malev by HUF18.5 billion forints (USD$97.5 million), national news agency MTI reported on Tuesday, citing national asset management company MNV, Malev's main owner.
Read story