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Increased air fares to cover insurance

09/10/2001 10:22
As a result of events in the USA of the 11 September, insurance companies have increased cover charges on airlines companies, fivefold for Cyprus Airways, and in order to cope with the added burden, the company decided yesterday to add US5.00 on each flight regardless of destination with immediate effect. The sum equals around CYP 4.45. European airlines companies have also taken similar measures.

Cyprus Airways decided on the increase for some time, but awaited developments in order to decide its implementation.