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Budapest Airport signs five-year leases with Malév units

Budapest Airport, the operator of Liszt Ferenc International Airport Budapest, on Friday said it signed a five-year lease with two units of grounded national carrier Malév.

Malév Ground Handling and maintenance unit Aeroplex of Central Europe will continue to operate at the airport.

Troubled Malév stopped operating at the beginning of February.

Aeroplex managing director Imre Nemcsók said the contract marked a milestone in the company's restructuring it has undergone since Malév's bankruptcy.

Malév Ground Handling CEO Lóránt Limburger also said his company had to make adjustments to the period post-Malév.