And in proper English:
Hungarian national airline Malév announced Friday morning that it was ceasing operation, after having failed to come up with a solution to the company's ongoing financial troubles.
Passengers at Budapest airport were informed this morning at 7:00 a.m. that all outbound flights were cancelled.
In a statement published on malev.com the company said that ticket holders would be informed by customer services about alternate travel arrangements and compensation.
Individuals impacted by the shutdown can call the following phone numbers: 06-40-21-21-21 from within Hungary, and +36-802-11-11 from outside the country.
On Tuesday the government issued a decree providing assistance to any passengers who purchased tickets for flights scheduled no more than three days after a shutdown in operations, as well as those who have traveled abroad with the airline and who are scheduled to return before the end of February.
"Unfortunately, what we feared the most and did everything to everything to avoid has come to pass," the company said in a statement. "Although there was still hope until the past few days that the operation could continue and passenger still fully trusted us, news reports in the recent few days has caused our service partners to lose trust and overnight began to demand advance payments for their services. This has accelerated our cash outflow to such an extent that the airlines condition has become untenable. It is also known that the owner, despite its best efforts, cannot continue to provide financial resources for our operation after the EU's negative decision. In light of all the above, the Board has decided to end the operation of the Hungarian national airlines. We apologize to all our passengers."
The firm's leaders will hold a press conference at 8:00 a.m. to offer further information.
(source)