Posts by tag: Ryanair

Business Local News August 22, 2014

CY could have new owner by the end of the year

Investors interested in Cyprus Airways (CY) must submit non-binding proposals by the end of the month, the company’s chairman said on Friday, as low-cost airline Ryanair said it could put it back on rapid growth.

Proposals will be reviewed on September 30 and a short list will be drafted, Tony Antoniou said.

The procedure could be completed by the end of the year, the chairman said after a meeting between the negotiating team and Ryanair CEO Michael O’Leary on Friday.

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CY could have new owner by the end of the year
Local News August 21, 2014

Ryanair to hold talks on possible Cyprus Airways takeover

Ryanair Chief Executive Michael O’Leary is to travel to Cyprus on Thursday for talks with the government about the possible takeover of loss-making carrier Cyprus Airways, he told journalists.

Ryanair was among nearly 20 companies which last month submitted non-binding expressions of interest in the airline, now controlled by the Cypriot government. The process is a preliminary step towards any eventual binding offer.

O’Leary’s announcement marked a change of approach as he had said last month that Ryanair, Europe’s largest budget airline, was not particularly interested in acquiring the carrier.

“We…

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Ryanair to hold talks on possible Cyprus Airways takeover
Local News July 29, 2014

CY needs a strategic investor, minister says

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…

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CY needs a strategic investor, minister says
Local News July 28, 2014

Ryanair not ‘particularly interested’ in Cyprus Airways

RYANAIR boss Michael O’Leary said on Monday that the airline was not particularly interested in acquiring troubled Cyprus Airways, which he said had huge 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. The process is a preliminary step towards any eventual binding offer by any bidder.
“We are not particularly interested in Cyprus Airways which has huge legacy issues: pension scheme,…

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Ryanair not ‘particularly interested’ in Cyprus Airways
Business Local News July 24, 2014

Almost 20 companies interested in Cyprus Airways sale

By Michele Kambas

ALMOST 20 companies have submitted non-binding expressions of interest in Cyprus Airways , a state-owned carrier that the government wants to privatise, Communications Minister Marios Demetriades said on Thursday.

Aegean Airlines, Ryanair and Israel’s Arkia were among those firms, Demetriades told Reuters.

Romanian low-cost carrier Blue Air said it had also submitted an expression of interest, which is a preliminary step before authorities invite binding bids.

“At least 25 percent of those companies which submitted an expression of interest are related to aviation companies,” Demetriades said.

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Almost 20 companies interested in Cyprus Airways sale
Business Local News July 22, 2014

Ryanair boss says company may show interest in Cyprus Airways

Ryanair will probably submit an expression of interest in troubled Cyprus Airways which is up for sale, Chief Executive Michael O’Leary said on Tuesday.

The Cypriot government in mid-July invited non-binding expressions of interest in its shares or assets in Cyprus Airways, the state-controlled airline which has posted heavy losses for years.

The deadline for submissions is July 23, and requires a non-binding expression of interest to consider a potential binding offer.

“We probably will make some expression of interest…

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Ryanair boss says company may show interest in Cyprus Airways
Local News June 24, 2014

Passengers due home after Ryanair flight rerouted to Athens (update)

PASSENGERS were finally due to arrive in Paphos on Tuesday night after a Ryanair plane from Thessaloniki was forced to re route to Athens on Monday night, twenty minutes after take off when a passenger tried to gain access to the cockpit.
One of the passengers told the CyBC radio that the culprit, a 37-year old Greek engineer who reportedly works for Ryanair, stood up in the cabin, started to shout and then tried to open one of the…

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Passengers due home after Ryanair flight rerouted to Athens (update)
Local News April 1, 2014

Ryanair begins summer season with Paphos-Athens flight

Ryanair on Tuesday said it was celebrating the start of its Paphos summer season with a new route to Athens, giving passengers in Cyprus a choice of 10 destinations for summer 2014.

Ryanair’s Maria Macken said: “We are pleased to celebrate the start of the summer season and our new Paphos route to Athens. This is the first summer where Ryanair customers can enjoy a free small second carry-on bag, “quiet flights”, allocated seats and use their personal electronic devices…

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Ryanair begins summer season with Paphos-Athens flight
Business Local News March 12, 2014

Ryanair rolls out groups’ service for Cyprus

By Staff Reporter

Ryanair said on Wednesday it had extended its groups’ services to Cyprus on ryanair.com, enabling groups and businesses to book the lowest fare group rates.

The service will be followed by a new business product to be unveiled in the summer as Ryanair launches its summer 2014 schedule with 10 European destinations, the airline said but did not elaborate further.

It said Ryanair ‘Groups’ would be of significant interest to all travelling groups including schools, sports clubs…

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Ryanair rolls out groups’ service for Cyprus
Business Local News January 14, 2014

Ryanair announces Paphos-Athens flights, Air Berlin to fly to Larnaca

LOW-COST carrier Ryanair on Tuesday announced its summer 2014 schedule, including a new route to Athens from Paphos which will operate daily from April 1.

Ryanair’s Sales & Marketing Manager Maria Macken said: “Seats on Ryanair’s new Paphos to Athens route will go on sale tomorrow [January 15] on ryanair.com with fares starting from €12. Ryanair’s €12 sale fare includes all non-optional taxes, charges and fees, so passengers who only travel with carry-on luggage and decline our priority boarding service…

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Ryanair announces Paphos-Athens flights, Air Berlin to fly to Larnaca

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