"State airline Malév announced the cancellation of all flights at 7 a.m. Friday morning, effectively shutting down all operations after 66 years. Flights were grounded from 5 a.m., with passengers told that the flights were delayed.
The collapse was precipitated when the Tel Aviv airport demanded that the crew of Malév’s Thursday night flight pay hundreds of thousands of euros before allowing the plane to take off.
Malév held an emergency board meeting during the night, and decided to stop all flights permanently.
The alternative was to pay the invoice in Israel and not pay wages to employees, according to Népszabadság.
However, the board did not want to risk additional airports claiming immediate payment by withholding flights.
All but a few aircraft leased by Malév returned to owner ILFC’s base in Shannon, Ireland on Friday.
Prime Minister Viktor Orbán said in his weekly radio interview on Friday morning that a Hungarian national airline could still be established “if we can get rid of the skeletons of the past”.
Such an airline would be state-owned but investors are indispensable, he said. If there is an investor willing to operate a national airline profitably by risking his own money or at least by not losing money, then such a new company will be established, Orbán said."
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
Important Passenger Notice From Malév
Hungarian Airline Malév Collapse Blows Hole In Airport Revenues
Malév Is Dead, Long Live Low Cost Carriers?
Malév Grounded, Hungarian Airline Crisis Advice
Budapest Airport Operating Despite Malév's Collapse
Official Statement: Malév Hungarian Airlines Grounded