The government of Cyprus has officially put Cyprus Airways up for sale in a final attempt to save the airline from bankruptcy. Last week, the government published a call for expressions of interest (EOI) from “strategic and/or financial investors” for acquiring either “shares or a significant bundle of assets” of the airline. The government of Cyprus is the major shareholder in the carrier, holding a 93.67% stake, with the remainder in the hands of private investors. ...

Subscribe to Access this Entire Article

"Cyprus Airways officially up for sale" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.