State-owned Malév airlines has received an emergency Ft 5.7 billion loan from the government in the last few days to pay back Ft 3 billion owed to International Lease Finance Corp. (ILFC), according to a report in the weekly Figyelő.
ILFC, from which Malév leases some aircraft, issued an ultimatum to the airline and threatened to take back its planes, as Malév was unable to service its debt on time.
If Malév is short of cash at this time of the year, immediately after the peak season, then, there is a question of what will happen later in the off season, when revenue falls along with passenger traffic, Figyelő writes.