Pilots’ trade union, PASYPI criticized strongly the Board of Directors of Cyprus Airways on Wednesday (especially a specific Board member) for “attempting to dismiss managerial staff members with...
The Cyprus Airways flying crew submitted on Tuesday the trade union’s proposals based on the strategic plan for the reorganization of the national carrier. It is probably the first time that the...
14/06/2005
Pilots’ trade union, PASYPI delivered on Monday an ultimatum to the Cyprus Airways Management and the Securities and Exchange Commission. In a letter sent to CAIR Chairman, Lazaros Savvides, the...
11/05/2005
At the meeting held on Saturday, the Board of Directors of Cyprus Airways set the new viability program which is based on: First: The promotion of a new strategic program, which will be ready within...
25/04/2005
The viability of Cyprus Airways depends entirely on the European Union’s decision to grant a loan of £30 million. If the EU decision is negative, the Management might even proceed to the closing of...
22/04/2005
Hellas Jet, subsidiary of Cyprus Airways decided on Thursday to terminate its operations on May 10, after the unsuccessful efforts for its sale by the parent company. Cyprus Airways holds 75% of its...
21/04/2005
The European Commission’s decision to transfer the talks on the granting of governmental guarantees to the national carrier from April 20 to May 3 has ruined the payment plans and will probably...
11/04/2005
The two Cyprus Airways subsidiaries, Hellas Jet and Eurocypria have followed a different course in the past two years. While Eurocypria was announcing profits of £2 million in 2004, the Board of...
11/04/2005
The government will guarantee a loan of £30 million, which will be granted to Cyprus Airways by April 20. “Within the next two weeks the EU will approve the loans that will support the national...
08/04/2005
The £5 million that Cyprus Airways will receive from the sale of Airbus 320 to a US Company will be granted to the former employees, who have been dismissed by the national carrier due to redundancy...
23/03/2005