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Financial aid to CAIR is impossible, govt. says

06/09/2004 16:25
The government does not intend to support financially Cyprus Airways, Finance Minister, Makis Keravnos said on Monday. The offer of any financial aid must be approved by Brussels, which will certainly demand the adoption of the measures in the action plan, Mr. Keravnos said after the end of the meeting with EDEK representatives.

EDEK Chairman, Yiannakis Omirou stressed the need for the existence of the national air carrier for the survival of the state. “Our party does not see the dismissal of the redundant staff with populist mood. We believe that all dismissals should be well substantiated”, Mr. Omirou noted, stressing that his party favours privatizations, which make businesses more flexible.