The Hungarian government has put state-owned Malev Hungarian Airlines (MA) into bankruptcy protection. CEO Lorant Limburger said in a Monday statement that the company was running out of money.
Board chairman János Berényi has requested management to draw up a liquidity plan by the end of the week.
The Hungarian government has put state-owned Malev Hungarian Airlines (MA) into bankruptcy protection. CEO Lorant Limburger said in a Monday statement that the company was running out of money. Board chairman János Berényi has requested management to draw up a liquidity plan by the end of the week. MA’s board of directors has requested the owners do everything possible to resolve the situation, even though government intervention is extremely limited following a ...
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