Sólyom Hungarian Airways (Budapest) has officially filed for bankruptcy after it was unable to launch operations. The Hungarian media reports now state that the airline never received its Air Operators Certificate added to which Omani investors pulled out at the last moment. Reports further allege that management, headed by CEO Jozsef Vago, has now mysteriously disappeared. Using a fleet of twelve B737-500s, Sólyom had hoped to serve all of continental Europe with long-haul flights to the US and Far East to have come later on.