Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
07 February 2012 12:22
Malev, Hungary's national airline, has ceased operations after 66 years
Hungary's national airline Malev has ceased flying after 66 years in service, it has been announced.
The airline said its financial situation had become "unsustainable" after it accumulated debts of around 60 billion forints, the equivalent of £170 million.
It ceased operations at 5am on Monday as it was unable to secure new investment.
Passengers are urged to check their travel insurance documents to find out whether it covers them for any costs or delays caused by the airline's debts.
Two Malev planes are currently grounded in Israel and Ireland, Hungarian primer minister Viktor Urban said, adding that they were not allowed to fly back to Hungary because of the airline's financial problems.
Managing director Lorant Limburger said in a statement that Malev's partner airlines had started to demand advance payments in the past few days after they lost confidence in the company.
He added: "This accelerated the cash outflow to such an extent that by today the airline's situation has become unsustainable. We apologise to all our passengers."
16 August 2018
Holidaymakers in the UK will be hit by more train price hikes from next year, after the Government announced ticket prices will increase by 3.2% in January.
[more...]
15 August 2018
A simple blood test could help GPs detect a rare form of bone marrow cancer much earlier, a new study suggests.
14 August 2018
Passengers arriving at Heathrow Airport last month faced queues of over two and a half hours at passport control, new figures have revealed.
11 August 2018
Hundreds of Ryanair flights will not take off as planned on Friday due to pilot strikes in five countries.
10 August 2018
Fad diets that cut out carbs while increasing fat consumption could lead to an increased risk of diabetes, according to new research.
09 August 2018
HIV testing has become even more accessible after a self-testing kit was made available from a High Street retailer.
08 August 2018
Women patients are more likely to survive a heart attack if they are treated by a female doctor, a new US study has revealed.
07 August 2018
The head of British Airways has branded two-hour queues facing travellers at Heathrow's passport control as a "border farce."
04 August 2018
Simple factors such as gender and body mass can help doctors to personalise care for patients with type 2 diabetes and avoid harmful side effects, according to a study.
03 August 2018
Gatwick Express must no longer claim it runs "non-stop to Victoria station in half an hour" and "in just 30 minutes" unless it can achieve the time in most cases, a watchdog has ruled.
02 August 2018
A charity is calling for greater access to respite support after it emerged that 72% of Britain's 700,000 young carers feel lonely and isolated during the summer holidays.
01 August 2018
A plan to build new rail links with Heathrow Airport and connect Windsor's two train stations have been submitted to the Government.