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."
22 March 2017
Mountaineers looking to scale the world's highest peak may need to shell out for a GPS device, according to Nepal's tourism chief.
21 March 2017
The effects of being in skyscrapers, at concerts or even walking on wobbly bridges could help scientists understand the experiences of dementia sufferers, researchers are claiming.
18 March 2017
A young actor has released pictures of a lump on her throat that turned out to be thyroid cancer, with hopes the image will raise awareness and alert others who may be suffering from the disease.
17 March 2017
A "promising treatment" for aggressive blood cancer needs more evidence of its effectiveness before NHS doctors will be able to prescribe, a watchdog is warning.
16 March 2017
Millions of Brits are opting for coach holidays over jet-setting and cruises, new research indicates.
15 March 2017
Thousands of flights to and from America's north east have been cancelled in preparation for a "life-threatening" storm poised to hit the country.
14 March 2017
Seniors who experience weight loss should not put it down to the normal ageing process, experts are warning.
11 March 2017
Gatwick Airport is insisting it is still a "credible and deliverable" expansion option, as the airport experienced its busiest ever February.
08 March 2017
Strikes by French air traffic controllers (ATCs) are leading to delays and cancellations across the UK.
10 March 2017
Waiting times for kidney transplant patients have fallen significantly, health officials have said.
09 March 2017
A Dutch snowboarder has been fatally injured in the second avalanche to hit the French Alps in 24 hours.
07 March 2017
The risk of developing a deadly form of breast cancer can be cut by 40% by following a Mediterranean diet, new research has found.