Three Hungarian businessmen backed by
Solyom (Falcon) Hungarian Airways expects to operate six planes by the end of September and grow its fleet to 25 aircraft by the end of 2014 and 50 by 2017, including 10 wide-body jets capable of long haul flights.
Solyom chief executive Jozsef Vago gave no details of its routes but forecast rapid expansion into the Middle East,
Budget airlines including Wizz Air and Ryanair have picked up some of Malev's destinations from
Peter Morris, an aerospace expert at Ascend Aviation in
Vago said Solyom was focused on filling the gap left by Malev.
"Low-cost airlines will never be able to do that," he told Reuters.
Vago said an industry investor from