MALEVMagyar Légiközlekedési Vállalat (Hungarian Airlines)
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Malev's collapse in February 2012 after 66 years means people must travel to other European cities to get to and from Hungary even on popular long-haul routes.
Malev Hungarian Airlines Rt, which, in 2011, was the leading player in air and which accounted for a retail value share of 46% of schedule, was liquidated in April 2012.
With Malev, around 60 percent of capacity was replaced.
In the fall of 1990, P&W entered into negotiations with Malev for the purchase of jet engines for two or three new airliners to be manufactured by either Boeing or Airbus and replacement engines for Malev's aging, Russian-built Tupolev airliners.
The airline moved into Budapest in February with five aircraft based there now after local Malev collapsed.
State-owned Malev was grounded in February after the Hungarian government withdrew further funding and nervous suppliers started to demand payments upfront.
In addition to Malev's failure in February, smaller carriers in Germany and Spain have shut down.
Jost Lammers, Budapest Airport's CEO, said: "We are, of course, saddened by the collapse of Malev. But we now move into the post-Matev era with a degree of optimism.
Nationalist party Jobbik said "the EU ruling banning state subsidy gave the final push to the bankruptcy of Malev"--a tacit agreement that such airlines are no longer economically viable.
LARNACA airport is feeling the financial strain after Hungarian airline Malev stopped its weekly routes to and from Cyprus after it went belly-up earlier in the week.
RYANAIR has cashed in on the collapse of Hungarian airline Malev by opening a Budapest base.
Summary: The EU competition watchdog has demanded Hungarian flag-carrier airline Malev hand back hundreds of millions of dollars in emergency aid.