Cyprus Bailout | Cyprus Airways May Cease to Operate

Cyprus Bailout | Cyprus Airways May Cease to OperateCyprus Bailout | Cyprus Airways May Cease to Operate

Tasos Mitsopoulos, Minister of Communications and Works, said  that Cyprus Airways would possibly suspend its operations since the company was making great losses which the south’s government could not support. There is also the problem that the EU is questioning the assistance th government has given to the company and the EU has called on the south to stop any form of financially supporting the company.

If the company was to continue to operate it seems that this would only be possible if investors such as the Middle East Airlines and a conglomerate of Chinese investors were to become involved.

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