Dublin to Budapest route under threat

Hungarian airline Malev said today that it does not have the money to keep going.

The carrier employs 2,600 people and flies a service between Dublin and Budapest.

The news came just hours after the government there took steps to restructure the loss-making carrier.

The announcement follows a European Commission ruling early this month, that forced the carrier to repay State aid worth hundreds of millions of dollars.

It comes just a day after Spain's fourth-largest airline, Spanair, collapse.