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Cyprus Air Results Hit By Greek Losses
May 18, 2005
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.
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EU Approves Aid For Cyprus Airways
May 3, 2005
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.
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EU Says Cyprus Air Should Cut Staff
April 22, 2005
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.
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Hellas Jet To Suspend Flights From May 10
April 21, 2005
Greek airline Hellas Jet will suspend flights from May 10, its financially-troubled Cypriot parent company Cyprus Airways said on Thursday.
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Cyprus Air Fails To Find Buyer For Greek Unit
April 12, 2005
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.
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Cyprus Air To Close Greek Unit Hellas
April 11, 2005
Troubled Cypriot national carrier Cyprus Airways is set to close its loss-making Greek subsidiary Hellas Jet in May, according to company sources.
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Cyprus Air Mulls Closure Or Sale Of Hellas Jet
April 4, 2005
Cash-strapped Cyprus Airways is contemplating either the gradual closure or sale of Hellas Jet, its subsidiary in Greece, the government said on Monday.
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Options still open For Hellas Jet
March 31, 2005
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.
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Cyprus Seeks EU Approval To Bail Out Airline
March 17, 2005
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.
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Government Official Appointed As Cyprus Air Chairman
March 10, 2005
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.
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Cyprus Air Chairman Quits Top Posts
March 9, 2005
Businessman Constantinos Loizides resigned as chairman of Cyprus Airways and as general manager of Hellenic Bank late Wednesday.
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Cyprus Air Vice Chairman Quits
March 3, 2005
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.
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Cyprus Airways Strike Ends
March 2, 2005
Cyprus Airways flights resumed on Wednesday after the airline withdrew redundancy notices which triggered a strike grounding the fleet on Tuesday, officials said.
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Cyprus Air Fleet Grounded By Strike
March 1, 2005
Cyprus Airways entire fleet was grounded on Tuesday in a staff walkout over redundancies at the loss-making national carrier.
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