PARIS — The Hungarian national airline, Malev, halted all flights Friday, stranding thousands of passengers after creditors started seizing its planes outside the country over unpaid debts, and becoming the second state-owned airline in a week to succumb to Europe’s economic woes. The airline, which was re-nationalized...
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CHARLOTTE, N.C. (TheStreet) — After five years of talks, US Airways(LCC) and its flight attendants have reached a tentative agreement on a deal that provides some of the industry’s highest hourly rates as well as strong protections in the event of a merger. Talks had moved slowly in the years following the 2005 merger...
read moreHungary’s national airline Malev, which has been making losses for years, was grounded Friday almost a month after the European Union said the carrier had to pay back state aid. “At 0500 GMT on February 3, after 66 years of almost continuous operation, Malev stopped taking off,” Malev chief executive Lorant...
read moreBUDAPEST, Hungary (AP) — Hungary’s Malev airline says its has ceased operations and grounded all its flights to “minimize damage” after its financial situation became unsustainable. Malev, a member of the Oneworld airline alliance which also includes American Airlines and British Airways, has debts of around 60...
read moreGlobal airline passenger traffic rose 5.9 percent last year despite weak conditions, the International Air Transport Association said Wednesday, with 2012 likely to be difficult for the industry. “Given the weak conditions in Western economies the passenger market held up well in 2011,” IATA said in a statement,...
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