Cyprus Airways

Cyprus Airways is planning to fire 500 employees without giving them compensation, the website newsit.com.cy, reported because airline officials said the carrier can't afford to pay them as the island reels into a recession and economic crisis. The air line...

With 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...

Cyprus Airways management and the workers union were expected to reach an agreement to keep the airline flying but which lead to the layoff of 407 workers, and a 10 percent reduction in pay for the remaining employees. The deal...

Cyprus Airways was yesterday celebrating its expansion into Greece, which began on October 28. Events to mark four separate launches were held over four days in Thessaloniki, Rhodes, Heraklion and Athens, where the new network will be operating. Further expansion...

Cyprus’s government has given the green light for Cyprus Airways Ltd. to increase its capital, and authorized negotiations for the sale of an unspecified stake of the state-run carrier to investors, as 'Bloomberg' reports. "Within the context of government policy...

Government Spokesman Stephanos Stephanou has said that the government is aiming to find a strategic investor for Cyprus Airways, the island’s national air carrier. Asked whether the government would sell the majority stake it holds in Cyprus Airways to a...