Cyprus Minister of Finance Charilaos Stavrakis confirmed Thursday the government will conduct a feasibility study to merge Cyprus Airways, which is 69% owned by the state, with charter subsidiary Eurocypria Airlines. The study follows CY reporting a half-year loss of €25.5 million ($32.4 million). A source close to CY told ATW  the carrier plans to sell its two A330-200s, which operate mainly on the Larnaca–London Heathrow and Paris CDG routes. CY’s fleet also ...

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