1 result(s) for reorganisation in Travel
Hungarian Cabinet Shelters Malév From Creditors
- 2 Feb 2012 12:55 AM
- travel
"The cabinet stepped in to save Malév from creditors yesterday morning, shortly before CEO Lóránt Limburger announced that the state airline did not have the funds to continue operations beyond Tuesday. The cabinet declared Malév to be a company of strategic importance, meaning that creditors cannot initiate its liquidation.
Hungarian Cabinet Shelters Malév From Creditors
- 2 Feb 2012 12:55 AM
- travel
"The cabinet stepped in to save Malév from creditors yesterday morning, shortly before CEO Lóránt Limburger announced that the state airline did not have the funds to continue operations beyond Tuesday. The cabinet declared Malév to be a company of strategic importance, meaning that creditors cannot initiate its liquidation.