Is it safe to book Malev ?
Aug 31, 2008 | 3:23 pm
#1
Original Poster
Join Date: Dec 2004
Location: New York, Paris
Programs: AA ExPlat 4MM, AA Life Plat, Lufthansa FT, Delta Basic
Posts: 1,593
Is it safe to book Malev ?
The last issue of Aviation Week & Space Technology has an article entitled "Moribund Malev" mentioning fleet reduction and major financial problems. Does anybody have any information on their life expectancy ?
Sep 3, 2008 | 10:08 am
#2
Join Date: Jul 2004
Location: San Francisco
Programs: AA EXP, Marriott TE, Hhonors Dia
Posts: 263
I don't have any direct information on their life expectancy. However, I don't think it's serious enough to worry about them going under in the short-term. They've reoriented themselves as a regional carrier, cutting their losses on the two long-hauls to JFK and Toronto. Abramovich is not hurting for cash and Malev is bidding for the Serbian aircraft maintenance company (story here); so from this outsider's view it doesn't seem like too serious of a situation in the short term. Of course, it their new strategy is not successful then long-term survivability is a question. But IMHO, a buy-out is far more likely than going out of business.