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China Shows Interest In Cyprus Airways

cyprus airwaysWith the country’s economic crisis cutting into Cyprus Airways, the company’s officials and government are reaching out to investors in China, the newspaper Fileleftheros reported.

There is reported interest from the Beijing Yi Xiang Da Investment Co Ltd and whose officials met with those from the Cypriot company, which reportedly was satisfactory on both sides.

The newspaper said that Cypriot Finance Minister Harris Georgiades was informed by the Chairman of the Board of Directors of Cyprus Airways, Stavros Stavrou on the progress of the negotiations.

The government will have a hard sell as the airline is losing a lot of money and prospects aren’t improving as fiscal problems seem sure to cause a deep recession.

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