Cyprus Airways finalized the sale of charter subsidiary Eurocypria to the government, according to press reports. The deal, worth CYP13.5 million ($29.9 million), is part of the carrier's restructuring (ATWOnline, March 1). The government said that the acquisition and spinoff of Eurocypria were designed to create a second, debt-free scheduled carrier. Eurocypria took delivery of its fifth 737-800 last month.

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