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Czech airline lodges business plan for Malev

Airline company Travel service, a subsidiary of Czech Unimex, has drawn up its business plan for the takeover of Hungarian carrier Malev and submitted it to the Ministry of National Development, Attila Farkas, a Hungarian representative for the company, told daily Nepszabadsag on Friday.

Mr Farkas said they had finalised the plan before the European Commission called on Hungary to recover state aid granted to the national carrier from 2007 to 2010.

He declined to disclose any further details on the project.

Nepszabadsag said the company would operate the Boeing fleet, but reckons with lower operating costs than Malev’s, with fewer employees and its flight schedule would be less frequent. The paper said the company has so far not denied these reports.