Cyprus Airways Airbus A320
Lebanon’s central bank, Banque du Liban, has blocked a proposed takeover of financially troubled Cyprus Airways by Beirut-based Middle East Airlines (MEA). Central Bank governor Riad Salameh said the bank could not approve MEA’s bid because it could increase the Lebanese carrier’s exposure to risk, according to Lebanon’s Daily Star. The paper quoted Salameh as saying: “Commercially, this matter is left to MEA to assess the acquisition. But in principle the ...
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