Hungary’s Malév Grounds All Flights After 66 Years

By Paul Riegler on 3 February 2012
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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.”

Accura News

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