Cyprus News | Cyprus Airways Is No More

Cyprus News | Cyprus Airways Is No MoreCyprus Airways is no more after the European Commission ruled that €102m in government support given to the airline in 2012 and 2013 constituted illegal state aid. The south’s government will finance alternative arrangements for all passengers who have tickets for Cyprus Airways flights. Passengers booked to travel up to and until 9/2/2015 should phone the travel agency Top Kinisis Travel Public on 77787878, or if they are calling from overseas on +357 22869999, in order to arrange for a new flight ticket. For the remaining passengers, with departure date from 10/2/2015 and onwards, a new announcement will be made in the coming days.

Cyprus Airways started its life as British European Airways (BEA) on 18 April 1948 but as with many businesses in the south failed to compete with major airlines. I guess its demise is the fault of the British, or to use the modern version of this excuse, the fault of the EU.

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6 comments to Cyprus News | Cyprus Airways Is No More

  • cyprusishome

    Of course it is the fault of the EU!!! They made the laws that precluded governments from putting money into failing airlines……….in this case for SEVEN years!!!!

    If the owners of CA had bitten the bullet years ago and cut staffing levels to that of competitors then there may have been some hope. But the staff preferred to loose ALL their jobs instead of a high percentage.

    One thing, if Ryanair or similar take over some of the routes very few redundant staff will be taken on because they will not work for the wages that will be offered.

  • Polly Marples

    Yes, I agree the money for nothing wages paid to Cyprus Airways staff caused some of the problems.

  • fluter

    I wonder who will now fly from Munich to Larnaca?

    Probably Lufthansa – see bank manager now for second mortgage.

  • cyprusishome

    What is the German equivalent of Ryanair, may they step in if there is a demand? Surely prices could be reduced knowing that CA costs were so high, or were they so heavily subsidized by government.

    Ryanair do seem to be setting up a base at either Paphos or Larnaca so again maybe an opportunity.

  • Dominic Freeman

    CIH, as a member of the EU the south has to adhere to the rule that governments cannot subsidise national airlines.

    http://www.businessweek.com/stories/2002-09-29/government-subsidies-keep-air-france-flying-high

    Ryanair are in the same position

    http://www.euractiv.com/sections/competition/ryanair-ordered-repay-eu10m-french-state-aid-303691

  • fluter

    Just checked CIH on Expedia.

    They are offering Aegean, fares not too bad except that all flights include one or two stops.

    Maybe Air Berlin do the trip, I will have a look later.