S7 has received the required approvals to start its airline in Cyprus which it will name Charlie Airlines after the 1970s “Charlie” a popular name the British used to call Cypriot immigrants who fled the island after Turkey occupied it. The airline will start flights this year with two A319 aircraft from the S7 fleet. Russian shareholders will own about 40% in the new company with the remaining 60% held by as yet unnamed foreign investors, which allowed the airline to be created under EASA regulations. So Cyprus has gone from having a national airline collapse to having four domestic
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