Malév Hungarian Airlines has serious financial problems, as it is now in bankruptcy protection despite attempts by the Hungarian government to protect the airline from bankruptcy proceedings.
The European Commission ruled last month that aid previously given by the Hungarian government to keep Malév in business was not legitimate, which reportedly forced the airline to repay approximately €340 million — money which Malév simply does not have. The ruling is part of the reason why Malév is experiencing financial difficulties.
There are supposedly potential investors for Malév, which may save the airline from having to consider the possibility of liquidating at least some of its assets.
Please keep up with the following discussions on FlyerTalk to monitor this financially dire situation for Malév, especially if you plan on being a passenger on one of its flights in the foreseeable future: