Sólyom Airways unable to reach investor agreement, pay employees
Sólyom Airways has informed the company's 73 employees that it will not be able to pay their September salaries after the failure of talks with a potential investor from Oman to produce an agreement, ATV.hu, the website of the commercial television-station ATV, reported on Thursday evening.
ATV.hu reported that Sólyom Airways has been in talks with Oman Air since August regarding investment in the recently established Hungarian airline.
Sólyom Airways managing director János Lucsik nevertheless reassured on the ATV program that the lack of payroll for September is "not the end of the airline" and claimed that at least two airplanes could be flying regular flights right now due to the "serious volume of orders" for travel.
Sólyom Airways CEO József Vágó told local media as late as October 2 that the airline intended to fill the gap left when former Hungarian national-carrier Malév went bankrupt last year and to obtain its operating licenses by the middle of this month.
On Tuesday, Vágó was hospitalized for undisclosed reasons and thus did not appear on ATV.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.