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Article from BTNews 1 SEPTEMBER 2014

Cyprus Airways

Following last week’s Business Travel News report that Cyprus is seeking ways of disposing and reinvigorating the national airline, which it owns non-binding proposals have been sought by the Government.  These were due to be submitted by the end of last week.

Up to about 15 interested parties were expressing an interest and had signed non-disclosure agreements.  These are expected to include Greek carrier Aegean, and Dublin-based Ryanair.

"We hope that by the end of September, or the beginning of October, we will have concluded on the best solution," Communications and Works Minister Marios Demetriades told reporters.  The parties would then be shortlisted, and asked to submit binding offers.

Both Aegean and Ryanair representatives have met government officials.  On 14 September Cyprus Airways moves from Heathrow to Stansted having sold its slots to American Airlines. (see BTN 23 June)   http://cyprusair.com

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