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CAIR in Special Trading Category

16/12/2004 13:20
The CSE Council decided on Thursday to transfer Cyprus Airways Ltd in the Special Trading Category.

Sources reveal that this decision was taken after the latest developments in the national carrier and the statements of the Company’s officials that Cyprus Airways cannot pay the 12th and 13th salary to its staff.

According to the CSE announcement, “their listing in this category is for the protection of the investing public in view of the uncertainty for the Company’s viability and the statements made by the Company’s and government’s officials, which do not enable the investing public to evaluate the situation properly”.