In support of Cleveland's large Hungarian community, Malev used to operate charter flights out of Hopkins. Photo: Chuck Slusarczyk Jr. - OPShots.net
Hungarian flag-carrier Malev announced on Friday that it had stopped operating because its liquidity situation has become unsustainable and all its flights had been grounded as of 0500 GMT on Friday.
The airline had been placed under extraordinary protection from creditors and a receiver was appointed earlier this week.
Malev said its suppliers had lost confidence in the airline and started to demand payment, while the government could no longer provide cash injections for the company.
via Hungary airline Malev stops operating, flights grounded | Reuters.
