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Budapest,

Budapest Airport getting back on its feet

Press release Budapest Airport

Budapest Airport is pleased to report that following the events of Friday 3rd February, when the entire Malév fleet was grounded, a gentle calm has returned in the last 48 hours. Budapest Airport successfully used its Crisis Control Center, situated in Terminal 2, to manage the immediate effects of the national airline’s collapse with a primary view to ensuring that stranded passengers were attended to in the best possible way. Apart from some transfer passengers who remained at the airport for around 36 hours whilst making their onward journey plans, the airport has now moved into the post-Malév era with a degree of optimism. Any remaining passengers requiring information about the former national carrier should contact the Malév call center using their website www.malev.hu.

Looking ahead, no airport can comprehend losing its largest customer and the 2012 plans are being re-evaluated as part of the expected business review which will of course result in some short and long term changes. However, Budapest Airport remains committed to its goal of being the best airport in the Central/Eastern European region. This vision clearly has merits because our other airline partners were very quick in their response, and commencing from the 6th February, a good portion of the lost traffic is already being picked up. Budapest Airport is grateful to airlines such as Wizz Air, Lufthansa, British Airways, Air France, KLM, Brussels Airlines and Norwegian, who have gone on sales with their confirmed plans using extra capacity or are starting new routes altogether. Air Berlin should also be applauded for returning to the market from 6th February with a daily service to Berlin, possibly as a stepping stone to increasing their presence in the Hungarian market. When combined with the routes previously announced to start from the summer season, including the 5 new routes to be launched by Ryanair in March, there is life after Malév. In the coming days, the airport’s airline development team will remain popular amongst airlines wishing to add Budapest to their network plans, indicating that employment impacts can also be mitigated if the right solutions for market recovery are found as soon as possible.

Passenger recovery can also be supported by the Hungarian authorities immensely by removing obstacles preventing airlines from picking up the lost Malév capacity. For example, there are 4 regulated agreements which allow only one Hungarian airline to fly routes to Turkey, Israel, Russia and the Ukraine. On flights to and from these destinations, only Malév had the right to fly, therefore hundreds of thousands of passengers will not get this chance until there is increased capacity from either the other country’s designated airline, or from a new designated Hungarian airline such as Wizz Air. It is important that the Hungarian authorities move quickly to close these gaps; otherwise the road to recovery will be much slower. The management of Budapest Airport will fully support the government in moving quickly if necessary.

The city of Budapest is a fantastic short break destination and will continue to be a magnet for airlines to fly to and from. Budapest Airport remains committed to returning to passenger growth levels as soon as possible.

More information:

Mihály Hardy

communications director

Budapest Airport

Tel.: +36 1 296-6753

Mobile: +36 30 327-2372

Email: <nobr>mihaly.hardy@bud.hu</nobr>

Notes to editors

Budapest Airport Plc., the operator of Ferenc Liszt International Airport, is owned by a consortium of German (4%), Canadian (18.167%), American (10%) and Singaporean (18.167%) investors led by HOCHTIEF Concessions (49.666%). Currently, the two terminals of the airport are home to 32 airlines, which transported nearly 8.2 million passengers to more than 92 destinations in 40 countries in 2010.

Budapest Airport’s goal is to become the leading airport in Central and Eastern Europe in terms of traffic growth and service quality. To this end, the company is undertaking significant investments in order to expand its capacities, and has committed to spending a total of 261 million euros (approximately 75 billion HUF) by the end of 2011 on developments. The most significant of these is the construction of the SkyCourt, a new terminal building linking Terminals 2A and 2B. The elegant, high-quality SkyCourt provides an unforgettable architectural and travel experience, as well as a rich selection of shops and restaurants. The new terminal makes traveling through the airport simpler and more convenient, and also expands throughput.

In 2011, Budapest Airport began a new project, the Cargo City development near Terminal 2, with 26 000 square meters of cargo storage areas and a logistics park due to be built in the first phase. Also in 2011, Budapest Airport commenced the planning and construction of a new engine test stand near the Lufthansa Technik hangar. The long-awaited environmental protection project will be accompanied by numerous other developments, whereby Budapest Airport is contributing to the implementation of a sustainable aeronautical model.