As we all know, Malev spectacularly collapsed last week. As a result, people have been moving quickly to recover assets - such as aircraft. International Lease Finance Corporation (ILFC) was quick to repossess their equipment. But then a question appears... where to park it? Keeping it on Hungarian soil was not an option due to a possibility that the Hungarian Government may … [Read more...]
Wizz Air attempts to fill the Malev sized hole at Budapest
It seems that Wizz Air is racing to try and plug the gaps that have been created by the failure of Malev last Friday morning, with plans to invest money at Budapest, and base two Airbus A320's from March. By some magic means, this will boost a 66% increase of capacity for them. Plans are afoot to launch a three times-weekly service from Budapest-Bucharest. Meanwhile, Wizz … [Read more...]
Malev falls and halts operations
Well the inevtiatable has happened, and Malev has stopped operating due to liquidity issues. In other words, they haven't got the cash to continue. As of 05:00 GMT (06:00CET), all Malev flights have been grounded. The press release from Malev.com is below “Unfortunately, the event occurred which we had a greatest fear of and we wanted to avoid with might and main. … [Read more...]
Malev in more trouble
It appears that the Hungarian carrier Malev appears to be in a precarious state, with Hungary taking steps to restructure the company - by passing a decree to protect the Malev from bankruptcy proceedings. Malev - one of the bigger occupiers of Budapest International Airport - was ordered to repay the state aid lent to it by order of the European Commission. The decree … [Read more...]
Welcome!
Welcome to GhettoIFE.com! I'm your host - Kevin - and I'll be here to guide you through the maze of modern travel, and hopefully add some insightful comment and humour. With GhettoIFE getting on for 2 years old, I've had a bit of a design refresh, and tidied up, so for older viewers who make it here - yes, it's the same content will all the usual sarcasm as always. As … [Read more...]