JAL and Malév Hungarian Airlines Inaugurate Code share Agreement

Japan Airlines and Malév Hungarian Airlines (MA) have inaugurated a code sharing agreement which will come into effect on October 30, 2005, subject to government approval. The agreement allows JAL to place its flight numbers on specified daily intra European round trip flights operated by Malév between Frankfurt and Budapest.

Established in 1946, Malév Hungarian Airlines is the national air carrier of the Republic of Hungary and is ranked as one of the leading airlines in the Central-Eastern European region. In addition to its domestic Hungary routes, Malév serves 34 countries worldwide and 42 cities. Flight operations for the new code share flights will be handled by Malév Boeing 737 aircraft and crews.

The new code share agreement will strengthen JAL’s international passenger network in Europe increasing to 23 the number of European cities served by the airline.

According to figures from the Hungarian Ministry of Foreign Affairs, in 2004 Japan’s exports to Hungary amounted to 1.82 billion US dollars and imports were about 321.8 million US dollars. Furthermore the value of Japanese direct investments in Hungary is estimated at around 2 billion US dollars. The main area of Japanese investment in Hungary is in manufacturing, in particular, the assembly of vehicles, production of parts, and assembly of electronic goods for home and entertainment uses. Additionally, some 100,000 Japanese tourists visit Hungary each year.

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