Ryanair confirms interest in Cyprus Airways

Ryanair has stated it is planning to offer to buy Cyprus Airways, and may make a firm offer early next year subject to approval by the Cypriot government.Ryanair’s Chief Marketing Officer Kenny Jacobs said: “Ryanair is planning to make a non-binding offer on Friday as a result of a positive meeting last week.” Jacobs also said a period of due diligence would be required before a binding offer was possible.The airline’s decision follows a meeting between Ryanair Chief Executive Michael O’Leary last Friday with the Cypriot government, which owns more than 90% of Cyprus Airways.Ryanair was among almost 20 companies