Cyprus Airways Shuts Down Due To Financial Woes

12 January 2015

Cyprus' national airline Cyprus Airways (CY) has ceased operations, citing financial difficulties.

The struggling Cypriot airline is said to have had no chance of becoming viable again after failing to repay 65 million euro (94 million AUD) in state aid, received between 2007 and 2013.

The Cypriot government - which holds a 93 per cent ownership of the airline - revoked Cyprus Airways' operating license on January 9.

Customers who have existing bookings with Cyprus Airlines will be required to use an alternative carrier. A number of airlines service Larnaca International Airport, including British Airways, Emirates Airlines, Etihad Airways and several low-cost carriers.

Cyprus Airways had been in operation for close to 70 years, previously servicing destinations across Europe, the United Kingdom and the Middle East from its base at Larnaca.

 

Ashton Rigg

When I'm not at home in Brisbane, you’ll find me wanderlusting around hipster bars, eclectic boutiques and arty nooks. From bagels in Brooklyn to strudel in Salzburg, I believe the best way to experience a destination is by taking a bite! Tweets & 'grams at @AshtonRigg