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Hungary's Malev Shuts Down after 66 Years, LCCs Rush In

February 6, 2012 at 1:56 PM | by | Comments (0)

Hey, remember when journalists started weirdly declaring that everything was fine with the airline industry? And then travelers took that to mean that good times were here again while the government swooped in with expensive new regulations? And then remember how American Airlines went bankrupt and then Spanair shut down and then Hungary's Malev shut down? Good times.

There's not much to say about this latest casualty of the global economic crunch. Hungary really, really wanted to keep Malev operating, with the government declaring the airline to be a "priority objective." But they just couldn't make the carrier viable—specifically, they couldn't convince suppliers that the government would be able to pay them for services—and thus ended the Malev's 66 years of almost continuous service. Sad.

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