Cyprus Airways

The Cypriot government has finally assigned the Finance Ministry to proceed with acquiring advisors in order to set up the new national airline that will replace Cyprus Airways, while using its logo and name. The Cypriot government on Friday,...

“Neither Ryanair nor Aegean company is ready to make a meaningful offer for Cyprus Airways and their terms are not in the public interest,” Cypriot Finance Minister Harris Georgiades said yesterday as the government was preparing for the worst-case...

One year has passed since the merger of Aegean Airlines and historic Olympic Air and the former presented its plans for the future. Among others, Aegean Airlines Vice President Eftihis Vasilakis underlined that the company is entering a new growth orbit,...

Nine companies have made non-binding offers for Cyprus Airways. Among them are Ireland’s Ryanair and Greece’s Aegean Airlines. According to "Phileleftheros" newspaper, the deadline for bids closed on Wednesday and 9 out of the 14 companies that had expressed interest finally tabled proposals. The article said the interested parties...

Antonis (Tony) Antoniou, Chairman of the Board of Directors of Cyprus Airways, submitted his resignation to the President of the Republic of Cyprus. Antoniou, was investigated by the Cyprus government, after complaints that he was charging personal expenses to the company, as well...

Aegean Airlines submitted to the Cypriot authorities an official request to participate in the initial stage of the procedure leading to the sale of Cyprus Airways or its assets, according to a company announcement. Aegean noted that it will decide...

Troika has made it crystal clear that the Cyprus Government should not provide any State subsidy to the Cyprus’s state-owned airline Cyprus Airways.  According to philenews, there is an internal document from the European Commission authorizing the Vice–President Olli...

The professional Turkish football club, Trabzonspor, nicknamed The Black Sea Storm, arrived at Larnaca Airport in  Cyprus, for the Europa League match with Apollon Limassol, from Trabzon, Turkey, with the first direct flight to Southern Cyprus since 1974. According to...

Cyprus Airways trade unions have warned of strong strike action including indefinite strike in protest over a violation of an agreement by the government providing for compensation for redundant staff. On April 12, the government, the company’s administration and the...

Worried about a near-monopoly on domestic air traffic in Greece, European Union antitrust regulators plan a lengthy investigation into a second attempt by Greek carrier Aegean Airlines to buy Olympic Air despite concessions offered to allay concerns. Aegean, which has...