Hungarian airline Malev ceases operations, flights grounded – Reuters

In support of Cleveland's large Hungarian community, Malev used to operate charter flights out of Hopkins. Photo: Chuck Slusarczyk Jr. - OPShots.net

Hungarian flag-carrier Malev announced on Friday that it had stopped operating because its liquidity situation has become unsustainable and all its flights had been grounded as of 0500 GMT on Friday.

The airline had been placed under extraordinary protection from creditors and a receiver was appointed earlier this week.

Malev said its suppliers had lost confidence in the airline and started to demand payment, while the government could no longer provide cash injections for the company.

via Hungary airline Malev stops operating, flights grounded | Reuters.

About the author

Chuck Slusarczyk Jr.

I started OPShots in June 2006 as a place to share and display aviation photos without the often restrictive policies of other aviation websites. I want to share my love of aviation with fellow aviation geeks and provide a spotlight on Cleveland Hopkins International airport in the process.

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