newstodate.aero
APR 29, 2004 (newstodate): Ahead of Hungary's admission into the EU by May 1, the ailing Hungarian carrier Malev that last year obtained a state pledge for a financial injection will be forced to implement strict cost control and obtain sales increases this year.
About one third of the total sum allocated to Malev will be transferred to the airline, but the year must end in black figures.
Earlier this year Malev announced plans for axing some 100 jobs at its Aeroplex Central Europe Aircraft Technology Centre, set up in 1992 as a joint venture with Lockheed Martin Aircraft Services and taken over by Malev as sole owner in 1998.
About one third of the total sum allocated to Malev will be transferred to the airline, but the year must end in black figures.
Earlier this year Malev announced plans for axing some 100 jobs at its Aeroplex Central Europe Aircraft Technology Centre, set up in 1992 as a joint venture with Lockheed Martin Aircraft Services and taken over by Malev as sole owner in 1998.