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CAIR examine capital issues

25/11/2011 10:37
At a meeting held today, the Board of Directors of the national carrier examined capital issues.

According to the announcement, the Board of Directors will meet on Monday, December 5, 2011 to discuss capital issues.

In 2010, CAIR enjoyed profits of €0.2 million against losses of €3.3 million in 2009 due to the state support.

In the first half of 2011, the company announced losses of €29 million.

In the first ten months of the year, CAIR carried 210 thousand or 15% fewer passengers but they managed to maintain relatively high occupancy ratios in their itineraries.