Hungary's airline Malev Shutdown. Over 3700 left abroad.

Hungary's airline Malev Gone Bankrupt

www.guardian.co.uk

Hungary's dire financial predicament was laid bare today when its national airline Malev went bust and grounded all flights after failing to find a solution to "unsustainable" liabilities estimated at €550m (£460m).

Sources say Malev collapsed after nervous suppliers began asking for advance payments, which the airline was unable to provide. Two of its aircraft were prevented from taking off from Dublin and Tel Aviv, prompting the decision to ground all Malev aircraft worldwide from 5am.

Company officials said the stoppage immediately affected some 7,200 passengers: 3,500 in Hunga

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As a citizen of Hungary I am very disappointed in the current government and how they handled the whole Malev problem.
Earlier in Hungary, socialists have privatized Malev so the government couldn't support them and then it got into the hands of the government. Sadly they only lost money since then.

Orbán's austerity measures are bringing an end to this country. He simply doesn't think about the future but tries to fix all our economic problems by raising taxes and making false promises.
Gasoline prices and VAT in Hungary are currently the highest in whole Europe.

Also, Hungary is losing it's democratic view and turning into the dictatorship of the Prime Minister. Unfortunately we don't have some "hero" to vote on like the USA has Ron Paul. All we have is a bunch of politicians enjoying their money and life while they can. The whole country is going bankrupt now.

www.guardian.co.uk
(visit the link for the full news article)

Related News Links:
malev.hu...