Hungary’s Malév Grounds All Flights After 66 Years
Malév, Hungary’s national airline, is no more. The airline grounded its fleet permanently after its planes were held at overseas airports for unpaid debts. Malév’s departure from the market left a gap that competitors including Air Berlin, Lufthansa, Ryanair, and Wizz Air were quick to exploit.
At Budapest Ferenc Liszt International Airport, Malév had accounted for almost 40% of airport revenue.
“Unfortunately what we feared the most has come to pass, even though we did everything in our power to avoid it,” Malev CEO Lóránt Limburger said in a press statement.
Malév’s English-language Web site carried the following advisory: “Concerning your travel, we suggest that you ask other airlines about their offers or, if possible, you choose an alternative method of transport.”