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Malév to cancel overseas flights

Hungarian airline Malév announced on Wednesday that it would remove its flights to New York and Toronto from its winter timetable due to operating losses on these flights.

Malév also announced that it will also stop operating its long-haul Boeing 767 aircraft.

Malév noted that the rising price of kerosene had increased the operating costs of the Budapest-New York round-trip flight by Ft 7million (€30,602) over the past year.

Malév said that the airline would focus primarily on its growing eastern European markets.

Malév 's last Toronto flight before the winter-timetable suspension will depart on September 21, while the airline's final New York will leave on October 25.

On July 16, Malév signed a contract with Bombardier for the delivery of eight Q400 turboprop aircraft. Malév will start using four used Q400s for flights in its 2008-2009 winter timetable, while the airline will also receive four new Q400s beginning in 2012. Malév will replace its short-haul CRJ and Fokker 70 fleet with the Q400 aircraft. (MTI – Econews)