Ryanair pessimistic over Cyprus Airways bid

Ryanair CEO Michael O’Leary has stated he believes his airline has less than a 50% chance of acquiring Cyprus Airways. Last month, the Dublin-based LCC submitted one of nine bids tabled for the Cypriot carrier, stating it could boost Cyprus Airways’s passenger numbers by 500% over three years and return it to profitability. Speaking yesterday at Ryanair’s headquarters in Dublin, O’Leary said he believed the Cypriot government was more likely to select Greece’s Aegean Airlines as the winning bidder. O’Leary also said he expects a decision to be made on Cyprus’s new owner by the end of November, and added