Independent journal on economy and transport policy
20:26 GMT+1
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An other airline throws in the towel
the Malév Hungarian has announced today the immediate cessation of the activity
February 3, 2012
So as monday with the Spanair Spanish has happened, that it has communicated the cessation of own connections airplane with immediate effect ( on 30 January 2012), the today's announcement of the flagship company has turned out unexpected also Malév Hungarian, that the immediate suspension of all the flights has announced after 66 years of uninterrupted activity with the objective to diminish the losses.
"Unfortunately - the managing director of Malév, Loránt Limburger has explained, in a note - the event of which we had great fear and that we wanted to avoid with all our forces is verified. Even if in the last days there were the perspectives in order to continue the activity and were unchanged the confidence of our passengers, our partner has lost their confidence because of information published in the last days and has begun to ask before the terms the reimbursement for the services from lend they. This has determined an acceleration of the reduction of cash flow and the situation of the airline has become indefensible".
"It is also famous - it has continued Limburger - than the property (that is the State Hungarian who stops almost the totality of the capital of the company, ndr), in spite of the best intentions, she is able to not to distribute ulterior resources financial institutions for the operating activity after the decision of the EU (than last month she has asked Malév to reimburse the financings publics obtained between the 2007 and 2010 in the context of privatization and rinazionalizzazione of the company as they constitute illegal aids of State, ndr). In consideration of all this - it has concluded the CEO of Malév - the board of directors has decided to order the cessation of the operating activities of the flagship company of Hungary. We apologize with all our passengers".
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So as monday with the Spanair Spanish has happened, that it has communicated the cessation of own connections airplane with immediate effect 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
