Cyprus Airways confirms nine bids on the table

Cypriot media has reported that Cyprus Airways has attracted non-binding bids from nine potential investors, including Ryanair and Aegean Airlines. With the deadline for the submission of bids having expired last week, nine of the fourteen original firms that had expressed an initial interest in the carrier had now submitted proposals. Details from some of the proposals included making Cyprus a regional MRO hub and increasing the airline’s fleet as demand dictates. However, concerns were raised about the cost of leases currently being paid for the carrier’s fleet of A320-200s in addition to flight crew remuneration rates. Cypriot Minister of