Air Transport World

Malev Hungarian Airlines: malev.hu.(Europe)(Brief article)

The Hungarian flag carrier formally accepted an invitation to join oneworld in November, having satisfied most of the conditions established by an MOU signed six months earlier, but the invitation remains subject to its continued progress toward profitability in 2007 and the conclusion of bilateral agreements with existing partners.

Although its financial performance improved in 2005, Malev still reported a loss of HUF1.3 billion ($6.1 million) for its fiscal year, though this was down from a HUF4.9 billion deficit in 2004. …

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