Malev Hungarian Airlines News Stories
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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