Cyprus Mail
Business

CY aircraft grounded over €4m debt (updated)

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Airport operator Hermes has secured an interim order preventing a Cyprus Airways (CY) plane from leaving Larnaca International Airport, citing €4.0 million it is owed by the troubled airline.

Bailiffs handed over the order to both Cyprus Airways and the department of Civil Aviation to prevent the Airbus 319 departing from Larnaca on Tuesday.

The plane was due to be returned to International Lease Finance Cooperation (ILFC) headquarters as its six-year lease had ended with Cyprus Airways.

The news was confirmed by head of the civil aviation department Iacovos Demetriou who said that his department’s obligation was to prevent the flight from taking off.

“Our role in the case is to prevent the flight from leaving, the rest is down to Hermes and Cyprus Airways to come to an agreement about any debts,” he said.

In a press conference later Wednesday, CY chairman Antonis Antoniou told reporters that the interim order secured by Hermes demanded that a fee of €425,000 be paid.

“We have paid off the amount and the plane which was due to return to the ILFC today before being grounded has been returned,” he said.

He added that the amount of €4m was not accurate and questioned why Hermes decided to leak that amount to the press.

Hermes did not comment on the issue.



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