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Reports: No more government aid for Malev

Malev Hungarian Airlines (MA) should not expect further financial help from the Hungarian government owing to 2012 budgetary restrictions, several Hungarian news agencies reported.

Malev Hungarian Airlines (MA) should not expect further financial help from the Hungarian government owing to 2012 budgetary restrictions, several Hungarian news agencies reported (ATW Daily News, June 14). The European Commission (EC) has been investigating Hungarian government support measures for MA to determine if the financially troubled carrier received illegal state aid (ATW Daily News, Dec. 22, 2010) eight times between 2007 and 2010, totaling up to HUF100 billion ($455 million) ...

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