The financial results of Cyprus Airways for the first have of 2012 are expected to be negative, according to an announcement released today. CAIR said that this is mainly attributed to the...
Democratic Party (DIKO) expressed "grave concern" about the risk that Cyprus can be found without a national carrier. After the meeting between DIKO President, Marios Garoyian and representatives of...
Government is once again in dilemma for Cyprus Airways. Last year, the national carrier received €20 million from the tax payers. This year, it runs the risk of closing again if no state support is...
The meeting of the bi-ministerial committee for the new restructuring plan of Cyprus Airways, which provides for salary cuts of up to 14%, is in progress. In his statements to StockWatch, SIDIKEK-...
EDEK wants the national carrier to be saved and it will support any strategic plan for its restructuring, EDEK MP, Nicos Nicolaides stated after his meeting with Executive Chairman of Cyprus Airways...
Three investors have expressed their interest in acquiring a majority stake in Cyprus Airways, according to its Executive Chairman, Giorgos Mavrocostas. Speaking at a press conference, Mr....
The new strategic plan of Cyprus Airways will hit the Flying Crew Department, since of the 247 people who will become redundant, 116 are flight attendants. The plan also provides for the dismissal...
The serious problems that Cyprus Airways faces will be discussed by Finance Minister, Vassos Shiarly and the trade unions of SEK and PEO tomorrow. The Minister stressed that he is aware of the...
Cyprus Airways announced on Monday the sale of two private aircrafts of Gecas Asset Management Services INC against $30 million. According to the announcement, on Thursday, March 8, 2012 the Board...
No common grounds in order to bridge the gap between Cyprus Airways and the trade unions were found today, despite employees’ intention to accept a labour cost cut. In his statements to StockWatch...