Tag: Budapest airport

That was then. Photo: Bloomberg

Just one year ago, in the pre-dawn gloom of Friday February 3, the normally busy but orderly passenger terminals at Budapest’s Liszt Ferenc Airport were in chaos. Malév, the debt-laden Hungarian flag carrier, had canceled all flights during the night on fears that its fleet would be impounded at foreign airports in lieu of unpaid bills. The news left thousands of passengers scrambling for alternative flights and Budapest Airport, the operating company, staring at a massive hole in its revenues – given that Malév accounted for 40 per cent of all passenger traffic. Continue reading »

As beyondbrics reported on Wednesday, Ryanair is to cut ten of its routes into Budapest. The low-cost airline will also reduce frequencies on nine of its remaining 20 routes into the Hungarian capital from January 10, 2013, chief executive Michael O’Leary confirmed on Thursday in Budapest, blaming rising fees imposed by Budapest Airport and the Hungarian Civil Aviation Authority. Continue reading »

Ryanair, the bargain-basement Irish carrier, is cutting one in three of its routes to Budapest as a result of increases in landing and handling fees imposed by both Budapest Airport, the German-owned airport operator, and the state-controlled Hungarian Civil Aviation Authority, beyondbrics has learned from industry sources. Continue reading »

Good and bad news from Liszt Ferenc Airport.

The good: the German-owned operator has introduced an “improved” and “more efficient” parking system.

The bad: you, dear travellers, tourists and business folk, will be paying for it – unless, that is, you can scramble out of your car or taxi, collect you luggage, kiss the spouse, pay the driver and get a receipt – all in less than three minutes flat. Continue reading »

“Creating new jobs, developing Hungarian businesses to reach new markets, and investment promotion for foreign investors. These are the aims of Hungary. Cost efficiency, high human capital productivity and business-friendly environment. These are waiting for you in Hungary,” – so claims the Hungarian Investment and Trade Agency.

That’s not a view shared by Budapest Airport Zrt, a foreign consortium led by Hochtief of Germany, which operates Hungary’s main international airport. Continue reading »

The re-launch of Ryanair‘s services from Budapest has “probably” been the most  successful start up ever for Ryanair, Michael O’Leary declared in the Hungarian capital on Thursday.

But the low-cost Irish carrier’s flamboyant chief executive warned that recent government moves to raise land taxes at Budapest Airport was “a very dangerous step,” likely to hamper the recovery of air transport and tourism. Continue reading »

If any business school wants a case study in how a government can mismanage an airport – here’s one, courtesy of Hungary.

Scenario: you are a cabinet minister; your flag carrier airline has flown its last; your sole international airport operator – run by a foreign-owned consortium – announces job cuts.

Your national tourist office sends out an alert – while budget carriers jump in to fill the gap, tourism experts warn that business-class travellers don’t like budget airlines. Conference tourism – a big money-spinner – is set for a downturn. What else? Continue reading »

The scene: the back end of an otherwise swish Budapest hotel.

“Excuse my Hungarian press release: we are a low-cost airline, and we use low-cost translators,” said Michael O’Leary, as he squeezed past journalists handing out Ryanair’s latest routes and flight plans from Budapest at noon on Monday. Previously there had been confusion over the airline’s agreements with Budapest airport. O’Leary left no doubts.

Yet as this chapter drew to a close in the fast-flowing story of Budapest airport post-Malev, another was opening up. A government official said on Wednesday that Hungary could face a bill for up to Ft 1tn (€3.45bn) in compensation claims from Hochtief and other investors that own the airport operating company. Continue reading »

Tempers frayed and positions were decorously adjusted on Wednesday after beyondbrics reported on conflicting statements regarding Ryanair’s ability to operate planned new flights out of Budapest for which it was already selling tickets.

Ryanair demanded “a corrective measure” to what it called a “biased article”. And Budapest Airport said it would do whatever it could to get Ryanair flying. Continue reading »

The battle to acquire airline passengers from Budapest in the wake of last week’s demise of Malev, the former flag carrier, took a strange turn on Tuesday, when the airport and low-cost airline Ryanair clashed over the availability of flight slots.

Ryanair are selling the flights to the public. Budapest airport say they haven’t agreed terms. Result: a big row. Continue reading »

BB: time to register

Dear beyondbrics readers,

After more than three years of fully open access, we are taking the step of asking our readers to register on FT.com to read our articles. Beyondbrics will still be free but we'd like to know a bit more about you, our readers. Other FT blogs (including Alphaville) already do the same thing. Registration is active on beyondbrics from May 6.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.

Many thanks

Stefan Wagstyl, emerging markets editor

Global equities macromap

beyondbrics

The emerging markets hub

About this blog Headlines email Blog guide
News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China.



'Like' our beyondbrics Facebook page, where we showcase a top story of the day
Sign up for our news headlines and markets snaphot service. We have two emails per day - London and New York headlines (sent at approx 6am and 12pm GMT).

Pretty much everything you need to know about beyondbrics is in our About this site page. But briefly:

To comment, please register for free with FT.com and read our policy on submitting comments.

There is an overall beyondbrics RSS feed, as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide.

All posts are published in UK time.

Get in touch with us - your comments, advice and even complaints. Find out how to contact the team.

See the full list of FT blogs.

BB shortcuts

Regulars Series Archive
Chart of the week
Behind the numbers

Corporate watch
A regular in-depth look at a significant emerging market-based company

The Weekender
Catch up with the week in emerging markets
Hello 2013
Guest posts on the outlook for the year ahead

2012 review
Quiz, charts, most read and more

BB review
An occasional series reviewing books and arts from around the beyondbrics world

Brics at 10
A decade of growth
12 for 2012
Guest writer predictions
2011 review
The year in numbers
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

Emerging markets data

Archive

« AprMay 2013
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031