Posts by tag: Ryanair

Local News December 1, 2014

Auditor-general prepares for probe into possible Ryanair links to president

By a Staff Reporter

TAKING UP the baton handed to him by the president, Auditor-General Odysseas Michaelides will investigate whether procedures involving the seeking out of strategic investors for ailing national carrier Cyprus Airways were above board.

The probe includes the extent of the involvement of the law firm founded by President Nicos Anastasiades.

In a statement over the weekend, the auditor-general’s office said it would soon commence scrutinising the procedures that got underway in July.

Among other things, the…

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Auditor-general prepares for probe into possible Ryanair links to president
Local News November 29, 2014

House Ethics Committee to probe presidential role

By George Psyllides

The chairman of the House Ethics Committee said he will raise the matter of President Nicos Anastasiades’ link with his law office after it initially represented an airline interested in acquiring national carrier Cyprus Airways.

Phidias Sarikas’ statement followed Anastasiades’ call on Friday for the committee to investigate whether he was either directly or indirectly involved, through his law office, which had represented one of the suitors, Ryanair, for a short period.

Anastasiades said he would resign…

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House Ethics Committee to probe presidential role
Local News November 29, 2014

‘I’ll resign if linked to CY sale’

By George Psyllides

PRESIDENT Nicos Anastasiades said yesterday he would resign if a probe found that he was in any way involved in the procedure to sell national carrier Cyprus Airways.

In a written statement, Anastasiades asked the attorney-general, the auditor-general, and the chairman of the House Ethics Committee, to investigate the claims that he was either directly or indirectly involved, through his law office, which had represented one of the suitors, Ryanair, for a short period.
The firm…

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‘I’ll resign if linked to CY sale’
Local News November 28, 2014

Anastasiades to resign if involvement found in CY

President Nicos Anastasiades said on Friday he would resign if a probe found that he was in any way involved in the procedure to sell national carrier Cyprus Airways.

In a written statement, Anastasiades asked the attorney-general, the auditor-general, and the chairman of the House Ethics Committee, to investigate the claims that he was either directly or indirectly involved, through his law office, which had represented one of the suitors, Ryanair, for a short period.

The firm admitted to representing…

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Anastasiades to resign if involvement found in CY
Local News November 27, 2014

Govt denies Anastasiades link with Ryanair

The government on Thursday denied a report that President Nicos Anastasiades’ law firm represented Ryanair in talks to take over national carrier Cyprus Airways (CY).

The firm also denied the report in the island’s biggest newspaper, Phileleftheros, which quoted a report drafted by CY’s financial advisers KPMG.

Nicos Chr. Anastasiades and Partners said it had initially represented Ryanair during the submission of interest back in August.

“Our initial response was positive and that is why our firm was named as…

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Govt denies Anastasiades link with Ryanair
Local News November 21, 2014

Aegean may go it alone, without CY

By George Psyllides

AEGEAN Airlines said yesterday it was interested in developing its operations on the island, but it was not yet clear whether the process involved acquiring the island’s ailing carrier Cyprus Airways (CY).

Vice chairman Eftihios Vasilakis said CY’s main asset was the brand. Conditions would show if Aegean’s development in Cyprus would take place independently or through co-operation.

“I think the Cypriot state has realised it can no longer support the company because of the cost…

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Aegean may go it alone, without CY
Local News November 12, 2014

‘We can’t buy CY any more time’

By Angelos Anastasiou

NEITHER Ryanair nor Aegean is ready to make a meaningful offer for Cyprus Airways (CY) and their terms are not in the public interest, Finance Minister Harris Georgiades said yesterday as the government was preparing for the worst-case scenario, he said.

Georgiades, along with Communications Minister Marios Demetriades, was invited to a joint session of the House finance and watchdog committees that ran late into the afternoon, with little to show by way of constructive discussion.

Georgiades…

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‘We can’t buy CY any more time’
Local News November 4, 2014

Ryanair ‘a step closer to taking over CY

Ryanair has said it is one step closer to taking over Cyprus Airways (CY) after getting through to the second round of bidding for the ailing flag carrier at the weekend, the Irish Times reported on Tuesday.

Quoting the airline’s incoming finance chief Neil Sorahan, the newspaper said Ryanair was informally told on Friday that it was on a shortlist, pushing it through to the second round of the process.

Sorahan however said it was “still a long shot” and that Aegean…

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Ryanair ‘a step closer to taking over CY
Business Local News November 1, 2014

CY staff protest as state talks to bidders

By Angelos Anastasiou

CYPRUS Airways (CY) employees took to the streets yesterday in fear for their future, just as the technical committee for the state-owned airline met with representatives from the two airlines – Aegean Airlines and Ryanair – interested in acquiring the flailing national carrier.

The protesters gathered outside the offices of KPMG, consultants to CY and members of the technical committee, early in the morning, before moving to the Finance ministry, where the committee met with Ryanair reps.

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CY staff protest as state talks to bidders

Ryanair sees plenty more growth within Europe

By Conor Humphries

Ryanair’s bid to become one of the world’s biggest airlines will focus on higher-frequency routes and more domestic flights in core European markets rather than venturing further afield, its chief commercial officer said in an interview with Reuters.

Already Europe’s largest airline by passenger numbers, selling over 80 million tickets last year, Ryanair is targeting 50 percent growth in passengers by 2019 and has placed orders for 380 new Boeing planes.

Most growth will come from increasing capacity in core…

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Ryanair sees plenty more growth within Europe

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