Hungarian State Issues Emergency Funds To Malév
- 2 Sep 2010 12:02 PM
ILFC, from which Malév leases some aircraft, issued an ultimatum to the airline and threatened to take back its planes, as Malév was unable to service its debt on time.
If Malév is short of cash at this time of the year, immediately after the peak season, then, there is a question of what will happen later in the off season, when revenue falls along with passenger traffic, Figyelő writes."
Source: Hungary Around the Clock.
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