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Friday May 16, 2008
Cyprus Airways News

Airwise News Story Cyprus Air Results Hit By Greek Losses

Cyprus Airways said on Wednesday its net losses widened to CYP39.4 million Cyprus pounds (USD$86.2 million) in 2004 after fully assuming the losses of a Greek subsidiary slated for closure.


Airwise News Story EU Approves Aid For Cyprus Airways

Cyprus Airways won European Commission approval on Tuesday for a government-backed loan guarantee after the Brussels-based executive said the aid did not break European Union rules.


Airwise News Story EU Says Cyprus Air Should Cut Staff

The European Commission has advised cash-strapped Cyprus Airways to reduce its workforce if a business survival plan is to work, the chairman of the troubled national carrier said on Friday.


Airwise News Story Hellas Jet To Suspend Flights From May 10

Greek airline Hellas Jet will suspend flights from May 10, its financially-troubled Cypriot parent company Cyprus Airways said on Thursday.


Airwise News Story Cyprus Air Fails To Find Buyer For Greek Unit

Cyprus Airways said on Monday it had failed to find a buyer for Greek subsidiary Hellas Jet, setting in motion the process for its closure in May.


Airwise News Story Cyprus Air To Close Greek Unit Hellas

Troubled Cypriot national carrier Cyprus Airways is set to close its loss-making Greek subsidiary Hellas Jet in May, according to company sources.


Airwise News Story Cyprus Air Mulls Closure Or Sale Of Hellas Jet

Cash-strapped Cyprus Airways is contemplating either the gradual closure or sale of Hellas Jet, its subsidiary in Greece, the government said on Monday.


Airwise News Story Options still open For Hellas Jet

No decisions have been taken on the future of Hellas Jet, a Greece-based subsidiary of troubled national carrier Cyprus Airways, the company said on Thursday.


Airwise News Story Cyprus Seeks EU Approval To Bail Out Airline

Cyprus Airways will hear by April at the latest whether they will get an urgently needed cash injection guaranteed by the government, officials said on Thursday.


Airwise News Story Government Official Appointed As Cyprus Air Chairman

Cyprus appointed a senior government official on Thursday to salvage flag carrier Cyprus Airways after a spate of high-level defections and record financial losses.


Airwise News Story Cyprus Air Chairman Quits Top Posts

Businessman Constantinos Loizides resigned as chairman of Cyprus Airways and as general manager of Hellenic Bank late Wednesday.


Airwise News Story Cyprus Air Vice Chairman Quits

The vice-chairman of Cyprus Airways resigned on Thursday, deepening a crisis in the state carrier triggered by a debacle over staff redundancies which grounded the airline earlier in the week.


Airwise News Story Cyprus Airways Strike Ends

Cyprus Airways flights resumed on Wednesday after the airline withdrew redundancy notices which triggered a strike grounding the fleet on Tuesday, officials said.


Airwise News Story Cyprus Air Fleet Grounded By Strike

Cyprus Airways entire fleet was grounded on Tuesday in a staff walkout over redundancies at the loss-making national carrier.


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