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Malev in bankruptcy

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Old Jan 31, 2012, 11:48 pm
  #1  
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Malev's slippery slope
Any white knights likely rescue my Duna points?

http://www.reuters.com/article/2012/...8CU3FT20120130
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Old Feb 1, 2012, 12:01 am
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Originally Posted by IAN-UK
Any white knights likely rescue my Duna points?

http://www.reuters.com/article/2012/...8CU3FT20120130
As I see it your (only) knight might be the Hungarian government. Or not, given Hungary's dire financial straits.

Probably I won't get this year's matched MA Gold either
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Old Feb 1, 2012, 12:19 am
  #3  
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Sell to LH may be the only way for MA to survive in some form.
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Old Feb 1, 2012, 4:00 am
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I would suggest to continue on this thread

http://www.flyertalk.com/forum/oneworld/1288426-ow-bankruptcies-may-continue-malev.html

or to have a last update here
Budapest Business Journal-last news

And for the very last update here too:
Budapest airport official website
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Old Feb 1, 2012, 7:14 am
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Originally Posted by Squerez
I would suggest to continue on this thread
oops! didn't notice the other thread.


Got to say I liked the line "... (funds available for much less time) if suppliers lose confidence.." Why on earth should they lose confidence ?
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Old Feb 1, 2012, 7:22 am
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Yikes - have used Malev.


Originally Posted by IAN-UK
Any white knights likely rescue my Duna points?

http://www.reuters.com/article/2012/...8CU3FT20120130
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Old Feb 1, 2012, 7:34 am
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Originally Posted by TerryK
Sell to LH may be the only way for MA to survive in some form.
That would mean leaving Oneworld, though suspect that would be the least of Malev's worries. If IAG had the funds it would be a better fit but they've just spent a bit on BMI.
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Old Feb 1, 2012, 8:01 am
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Hmm not a good development. I have a couple of tickets booked with them for April and June..
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Old Feb 2, 2012, 11:24 pm
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Malev has stopped operations this morning at 6:00 am
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Old Feb 3, 2012, 1:53 am
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Sad news indeed.

20+ years of mismanagement and political messing came to "fruition"
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Old Feb 3, 2012, 2:53 am
  #11  
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What will happen to people holding tickets?

I have a few non-refundable roundtrips with them. What would be the best procedure to go about getting a refund?
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Old Feb 3, 2012, 3:21 am
  #12  
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Originally Posted by Xandrios
What will happen to people holding tickets?

I have a few non-refundable roundtrips with them. What would be the best procedure to go about getting a refund?
If you paid by credit card, your credit card company would probably be the likeliest/easiest although this may depend on the legislation of the country in which your card is issued.
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Old Feb 3, 2012, 3:53 am
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[QUOTE=Xandrios;17943497]What will happen to people holding tickets?/QUOTE]

If Malev is anything like Spanair (stopped flying on Friday night with no prior notice to staff or passengers, and sold tickets for future dates up until the time of closing) then you are probably $OL.

Best of luck, though!

Perhaps someone should start an early-warning thread naming the airlines that are in danger of going under. On the other hand, it would be quite a long list!
Last edited by spainflyer; Feb 3, 2012 at 4:01 am
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Old Feb 3, 2012, 4:36 am
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Exclamation Malev in bankruptcy
I just learned that MALEV filed for bankruptcy today.

This is the 2nd European airline (Spanair) to go bankrupt in recent weeks.
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Old Feb 3, 2012, 4:54 am
  #15  
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Originally Posted by Antonio8069
I just learned that MALEV filed for bankruptcy today.

This is the 2nd European airline (Spanair) to go bankrupt in recent weeks.
Not good news however unfortunately the writing was on the wall for this one for a couple of years.
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