newstodate.aero
OCT 08, 2003 (newstodate): Loss-making Hungarian carrier Malev has formulated a strategy aiming at survival under the new markets conditions when Hungary becomes member of the EU by May, 2004.
Another major point of departure for the new plan is the expected impact of low-cost carriers on the Hungarian market.
Among the key elements of the new strategy are the abolishment of business class services, cuts in prices and services, sale of Malev's two Boeing 767 aircraft serving New York and Toronto, codesharing with other airlines on certain routes, and a staff reduction.
Malev is also considering to back down on its option for six Bombardier CRJ-200ER aircraft.
Malev's owners will reportedly decide on the airline's eventual future within "a few weeks".
Another major point of departure for the new plan is the expected impact of low-cost carriers on the Hungarian market.
Among the key elements of the new strategy are the abolishment of business class services, cuts in prices and services, sale of Malev's two Boeing 767 aircraft serving New York and Toronto, codesharing with other airlines on certain routes, and a staff reduction.
Malev is also considering to back down on its option for six Bombardier CRJ-200ER aircraft.
Malev's owners will reportedly decide on the airline's eventual future within "a few weeks".