Hungarian government in a fix now

Budapest Airport, which is 50%-owned by German construction company Hochtief, is reviewing this year’s business plan following the demise of Malev, the biggest carrier serving the Hungarian city, the operator said in a statement late yesterday. The airport handled 8.9 million passengers last year, of whom 3.2 million were Malev customers including 1.5 million people using the carrier to connect to other flights, Hardy said. Plunging revenue as the result of Malev’s collapse may trigger a clause in Budapest Airport’s privatization contract that will force the government to pay the operator 1.5 billion euros ($1.96 billion), with “critical consequences” for