Cyprus Mail
Cyprus

CY pilots call for probe results to be made public

Cyprus Airways (CY) pilots want the findings of a probe into allegations that the chairman had charged personal expenses to the company published, as they called for foreign experts to take over its management.

The results of the probe are expected to be discussed Wednesday by the Council of Ministers. It was launched in June but despite saying it would only take two to three days, according to the finance minister, the findings have yet to be made public, CY pilots unions PASYPI said.

There have been reports since that the findings were damning for Tony Antoniou. One report at the end of July suggested it had been buried by President Nicos Anastasiades.

Anastasiades had rejected that as being “completely unfounded.”

Antoniou had allegedly charged personal expenses to CY, including speeding fines and his car service, which had cost over €1,000. It was also claimed that he had charged the purchase of 480 bottles of wine.

It was also reported that the chairman had personally assigned a project worth more than €86,000 without engaging the carrier’s tender department.
He denies the allegations.

The pilots said Anastasiades must make good on his pledge for transparency and stamping out corruption and not allow Antoniou to handle millions of euros.

They reiterated their demand for foreign experts to take over management of the company, who could also help the state find a strategic investor.

A strategic investor is seen as the only way to keep the airline afloat, which has recorded huge losses in recent years.

Some potential investors have expressed interest but there has been nothing official yet.

CY is also under scrutiny by the European Commission over a €31.3m capital increase in early 2013 and a €73m rescue package by the state in 2012, to establish whether it violated state aid rules.

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