Automatically changes when the new rules are announced.
8 MARCH 2010
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2021 Business Travel News Ltd.
MALEV has become the first European airline of any consequence to be re-nationalised. The Hungarian government now owns 95% of the carrier, the Russian investors, part of the Airbridge group just being left with 5% of the equity. In its two years of ownership Airbridge was unable to turn around the loss making carrier the government now saying that it is in the interest of the country that there is a national airliner. The independent Hungarian airline Wizz, which is based in Budapest, has announced that it will appeal to the EU to try and stop the re-nationalisation. “Malev is a non-viable business and will remain financially non-viable in the future.” www.malev.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?