Hungary’s Malev Ceases Operations
Malev stops flying.
A nearly 66-year run of continuous operation for Hungary's Malev ended today. (Photo: Boeing)
A nearly 66-year run of continuous operation for Hungary's Malev ended today. (Photo: Boeing)

Hungarian flag carrier Malev ceased all flying operations as of 6 a.m. Budapest time today, becoming the second carrier in a week to fall victim to European austerity measures. On January 27 Spanair stopped flying after a rescue deal with Qatar Airways collapsed. A year earlier the Catalonian government approved a €10.5 million loan to help sustain the cash-strapped airline, but those efforts proved futile.