MALÉV Ltd. (Hungarian: Malév Zrt.), which did business as MALÉV Hungarian Airlines (Hungarian: Magyar Légiközlekedési Vállalat, abbreviated MALÉV, pronounced [ˈmɒleːv]), was the flag carrier and principal airline of Hungary from 1946 to 2012. It had its head office in Budapest, with its main operations at Budapest Liszt Ferenc International Airport. From there, the airline flew to 50 cities in 34 countries with a fleet of 22 aircraft. Malév joined the Oneworld alliance on 29 March 2007. On 3 February 2012, Malév stopped flying and on 14 February 2012 was declared insolvent and ordered liquidated by the Metropolitan Court of Budapest.

Hungarian civil aviation was pioneered by airlines such as Aero Rt. (founded 1910), Magyar Æeroforgalmi Rt. (Maefort) and Magyar Légiforgalmi Rt. (MALÉRT (mɒleːrt)). The widespread devastation of World War II forced these airlines to suspend airline service in 1940-44, and they were ultimately replaced by Maszovlet as the national airline after the war. Maszovlet was founded on 29 March 1946, as the Hungarian-Soviet Civil Air Transport Joint Stock Company (Magyar-Szovjet Polgári Légiforgalmi Rt. also known as MASZOVLET). A merge between Malert, Maefort and the Hungarian part of Aeroflot.

The initial fleet consisted of 21-seat Li-2 passenger aircraft (the Soviet-licensed DC-3) and 3-seat Po-2 "taxis", used for precision air mail: sacks of mail were dropped from the aircraft when flying over its destination. In 1950, Malév's operating base moved from Budaörs to the newly opened airport at Ferihegy, where it remained.

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