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Hungarian airline Malev closes its operations

17. February, 2012

After 66 years of operations, the national Hungarian airline Malev has closed its operations due to a high level of debts which the company couldn’t pay.

The decision came after the company was ordered by the European Commission to start repaying the state aid which came between 2007 and 2010. The total level of debts reached 130 mil. EUR.

Malev airlines employed 2,600 people, leased 22 passenger aircrafts and were responsible for half of all air traffic at Budapest Liszt Ferenc airport.