- 1 Jul 2020 10:30 AM
- Hungary Around the Clock
As the first step, $17.5 million is to be paid to the affected travel agencies, which in turn will transfer the sums to the passengers.
The IATA withheld the payments because it claimed that other creditors of Malév were ahead of it in the queue, including Russia’s Vneshekonombank.
The IATA also said earlier that it had already transferred $11.4 million to a law firm.
As a result, it is not clear when nor from whom Malév ticketholders can claim their money, Napi writes.
There is also uncertainty over who is entitled to any payments, and whether entitlement depends on formal requests filed in time or not.
Malév ceased operations on February 3, 2012.