Hungary’s airline Malev grounded

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Hungary’s airline Malev grounded

Bankrupt Hungarian flag-carrier Malev grounds fleet after two aeroplanes seized, as Ryanair and other budget carriers announce new routes to BudapestHungary’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.