Cyprus Airways, the island’s national carrier, will continue their operation until the end of the summer season and at the same time the company’s Board of Directors will enter into negotiations for a possible strategic investor.
Speaking to the press Wednesday, after a Cabinet meeting during which the developments at Cyprus Airways were discussed, Government Spokesman Christos Stylianides said that for specific reasons, the Ministers decided that the company should be kept in operation during the summer season and that after that, a strategic investor should be found the soonest possible.
He noted that a basic prerequisite is the restructuring plan of the company to be accepted by all interest parties.
Read more: Financial Mirror dot com - Cyprus Airways remain in operation until end of summer season
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