24 May 2012	The on-line newspaper devoted to the world of transports	07:37 GMT+2

February 3, 2012 This page has been automatically translated by Original news An other airline throws in the towel The Malév Hungarian has announced today the immediate cessation of the activity So as monday with the Spanair Spanish has happened, that it has communicated the cessation of own connections airplane with immediate effect ( of 30 January 2012), has turned out unexpected also the today's announcement of the flagship company Malév Hungarian, that has announced the immediate suspension of all the flights 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". Search for hotel Destination O Other destinations Check-in date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Check-out date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Search on Select the subject:  All News Ports Tourism Database Aviation Trucking Index Home Page News - Piazza Matteotti 1/3 - 16123 Genoa - ITALY phone: +39.010.2462122, fax: +39.010.2516768, e-mail