By George Psyllides
Cyprus Airways (CY) needs a strategic investor to survive in the long run, Communications Minister Marios Demetriades said on Tuesday, a day after Ryanair said it was not particularly interested in the troubled national carrier due to its legacy issues.
Ryanair was among nearly 20 companies which last week submitted a non-binding expression of interest in Cyprus Airways, now controlled by the government.
At least five are involved in air transport.
The process is a preliminary step…Read More