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Old February 4th, 2012, 03:07 AM   #21
giovani kun
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sad sad sad
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Old February 4th, 2012, 04:14 AM   #22
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Pretty sad day alright. Kingfisher, not surprisingly, has also delayed its entry into oneworld.

Now the question is... who is next to go down?
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Old February 4th, 2012, 07:17 AM   #23
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^Adria from Slovenia.
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Old February 4th, 2012, 09:37 AM   #24
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Quote:
Originally Posted by Suburbanist View Post
It is much cheaper to fund unemployment benefits, the rule has a reason: to avoid a race to he bottom in which all governments start subsidizing the airlines from their countries, which gives them a grossly unfair competition advantage and obliges other govts to fund theirs as well.

In any case, a new airline is likely to emerge from the mess, like Swiss Airlines, KLM, Alitalia (twice) etc. Then these people will find jobs there.
exactly

although the 'alitalia' option has been obvious for the past two years the gummint did nothing except pour more illegal subsidies into MAL╔V


less gummint and taxmoney down the drain = WIN
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Old February 4th, 2012, 07:04 PM   #25
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So Sad I don't like seeing our Brothers Hungarians loose their long time present national carrier - Malev. I hope soon something gets done and it will start flying.
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Old February 4th, 2012, 08:36 PM   #26
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The problem is that Wizz Air and other LCC take significant portions of air travelers in Hungary and LG routes for small carriers are not profitable. If Malev is going to have a revival they need to adapt Aer Lingus model.
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Old February 4th, 2012, 09:57 PM   #27
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I'm extremely disappointed and saddened with the news of MalÚv going bust. Not only have we lost a very good airline (which I have intended to fly again), I also lost my Duna Club miles!

I really hope that MalÚv will come back somehow.
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Old February 4th, 2012, 11:53 PM   #28
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Quote:
Originally Posted by krnboy1009 View Post
The problem is that Wizz Air and other LCC take significant portions of air travelers in Hungary and LG routes for small carriers are not profitable. If Malev is going to have a revival they need to adapt Aer Lingus model.
The fact is that MalÚv made a very nice Q4 in 2011, they said the company was profitable in operational terms. MalÚv was very strong in the Scandinavia <-> Middle-East /or/ South-Eastern Europe relation. With the complete rethink of its commercial policy it made a nice improvement in 2011.
(See more at: http://www.centreforaviation.com/blo...tability-61022 )
But the debts and loans and other structural problems led to this decision... Sad.
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Old February 5th, 2012, 12:01 AM   #29
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Quote:
Originally Posted by [email protected] View Post
So Sad I don't like seeing our Brothers Hungarians loose their long time present national carrier - Malev. I hope soon something gets done and it will start flying.
Hi Janek, it's a very kind comment! Here in Hungary, aviation enthousiasts are hoping as well... it can be relaunched if there's an investor, as the brand is still in the hands of the state (in an independent company).
And I hope that LOT-Polish Airlines will be successful in these hard times of aviation, all my best wishes!
Cheers!
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Old February 5th, 2012, 05:16 PM   #30
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In the long term small airlines like Malev, LOT or CSA don't have a chance.
On one hand on the short European routes they have to compete with the biggest low coast airlines like EasyJet, Ryanair, Wizzair, Norwegian with its massive fleets and networks of routes.
On the long routes they have traditional giants like Lufthansa, KLM-AirFrance, or BA-Iberia.
Where is there space for the airlines with dozen or so planes operating in small to mid size markets?
All they can do is to run feed operations to big hubs but you can't really make money out of it.
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Old February 5th, 2012, 08:41 PM   #31
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Schengen Zone destroyed the smaller former flag carriers.
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Old February 5th, 2012, 09:32 PM   #32
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A sad day for Malev indeed.
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Old February 6th, 2012, 06:35 AM   #33
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Quote:
Originally Posted by krnboy1009 View Post
Schengen Zone destroyed the smaller former flag carriers.
Schengen didn't destroy anything. Most of these small airlines were protected as local monopolies by the relevant governments. They were never really run as normal businesses.
Liberalization of aviation in Europe brought some normality into otherwise totally screwed market. And lowered prices. Do you guys remember how expensive tickets were in the "old good times", where so called "flag carriers" rulled the sky? Only rich could afford to fly.

I don't cry after any small irrelevant airline. If people want to fly somewhere there will be some airline which will fly them there. What logo/brand/flag it has should be irrelevant.
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Old February 6th, 2012, 12:10 PM   #34
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thank you for sharing
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Old February 12th, 2012, 07:09 PM   #35
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Bankrupt Hungarian Malev air company requests credit of 120 mln dollars from Vneshekonombank

LONDON, February 12 (Itar-Tass) — The Hungarian largest state air company Malev, now under protection of the law on bankruptcy, conducts talks with Russian Vneshekonombank on a large credit to resume its operations.

Business quarters of the European Union reported on Sunday that the Malev leadership requested a loan of 120 million US dollars from Vneshekonombank to resume regular flights from Budapest. Vneshekonombank is Malev’s minority shareholder, controlling only five percent of the air company’s capital. According to available information, the talks between the leadership of the air company and the Russian bank “are going on with difficulties”. Nevertheless, the sides continue consultations, and another series of meetings is planned in Moscow and Budapest next week.

The money is to be used for leasing airliners so that the company could return to the home and world markets at the earliest.
While waiting for a credit, the company leadership is carrying out sweeping restructuring. According to plans, out of 2,600 officers of the Malev Group, 2,080 people will be discharged or temporarily sent on an unlimited and unpaid leave. The company’s debts now amount to 271 million dollars. The Budapest commercial court permitted Malev (with its ruling of February 2) to make use of a law on protection from immediate bankruptcy. As a result, the company received some time to try to carry out restructuring and to return to the market. Otherwise, it is subject to selling.

Malev’s present difficulties were largely caused by European Union rules, forbidding a state to subsidize national air companies.

http://www.itar-tass.com/en/c32/340775.html
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Old February 12th, 2012, 07:35 PM   #36
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Quote:
Originally Posted by geogregor View Post
Schengen didn't destroy anything. Most of these small airlines were protected as local monopolies by the relevant governments. They were never really run as normal businesses.
Liberalization of aviation in Europe brought some normality into otherwise totally screwed market. And lowered prices. Do you guys remember how expensive tickets were in the "old good times", where so called "flag carriers" rulled the sky? Only rich could afford to fly.

I don't cry after any small irrelevant airline. If people want to fly somewhere there will be some airline which will fly them there. What logo/brand/flag it has should be irrelevant.
EXACTLY - Protectionism has ruined the airline, not the free market! Thanks for your comment.
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Old February 12th, 2012, 07:42 PM   #37
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Quote:
Originally Posted by Iggis View Post
Bankrupt Hungarian Malev air company requests credit of 120 mln dollars from Vneshekonombank

LONDON, February 12 (Itar-Tass) — The Hungarian largest state air company Malev, now under protection of the law on bankruptcy, conducts talks with Russian Vneshekonombank on a large credit to resume its operations.
....

Malev’s present difficulties were largely caused by European Union rules, forbidding a state to subsidize national air companies.

http://www.itar-tass.com/en/c32/340775.html
Of course the state-owned Russian news agency knows it all , as if the competition rules where the cause for the bankruptcy.
There is always somebody to blame in order to detract from the real wrong decisions that have been made.

In Austria we know how a state-run airline was almost brought to bankruptcy...by the wrong decisions of the Austrian STATE, not by the EU competition rules.
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Old February 12th, 2012, 09:06 PM   #38
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I heard they had 3M pax from Budapest by the end of 2011. Really?
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Old February 13th, 2012, 10:35 AM   #39
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nope ^ here the list

Statistics (2011)
Passengers 8,920,653 (+8.9%)
Aircraft movements 109,949 (+4,3%)
Cargo volume 106,595 tons (+32,6%)
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Old February 13th, 2012, 08:04 PM   #40
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^No I meant for Malev the airline, not BUD.
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