You are here

CAIR clarifies that no specific proposal from Lufthansa and Triple Five has been submitted

With reference to the press releases on Friday, April 6, 2012 on the interest of Lufthansa and Triple Five in participating in the share capital of Cyprus Airways Public Ltd and/or an investment in it, the Company clarifies that no specific proposal has been submitted so far either from the aforementioned alleged interested parties or from any other potential investor.

In relation to the reference for the efforts to find a survival and development plan, the Company has already announced in its indicative results for the year ended December 31, 2011 released on February 29, 2011 that it is examining an Action Plan, the main pillars of which are mentioned in the same announcement, in order to make the Company competitive and to secure its viability in the long-term.
Monday, 9 April, 2012 - 09:49