Ryanair to bid for Cyprus Airways

Comment on this story
Ryanairboss1 Reuters. Ryanair chief executive Michael O'Leary.

Athens - Low-cost airline Ryanair on Wednesday said it plans to bid for Cyprus Airways before a deadline in the next 24-hours.

Ryanair's chief marketing officer, Kenny Jacobs, told the BBC that a “very positive meeting” was held with the Cypriot government and the airline last week.

Ryanair is among fifteen companies that have submitted non-binding expressions of interest in the loss-making airline, which is under the control of the Cypriot government.

The Cypriot government owns more than 90 per cent of Cyprus Airways, which has struggled to survive against cheaper competitors.

According to the newspaper Cyprus Mail, the Communication and Works Ministry will evaluate all business plans.

Companies that make the shortlist will then be asked to file binding proposals.

The airline's new owner should be announced by the beginning of October. - Sapa-dpa

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines