The process to authorise the use of Cyprus Airways logos is ongoing, Privatisations Commissioner Constantinos Herodotou, as reports suggested a Russian airline has won the bid.
“The preferred bidder selection procedure is in progress,” Herodotou tweeted. “Final results will be announced by the unit.”
According to the procedure, the review committee will submit its decision to the commissioner who would then ask the ministerial committee for approval.
Announcements will be made after the committee gives its approval.
Daily Phileleftheros reported on Tuesday that two airlines had submitted bids, Russian S7 and Greece’s Aegean Airlines.
The paper said S7 was the frontrunner to win permission to use the CY logos by its Cyprus-based subsidiary Charlie Airlines.
S7 Airlines chief Vladislav Filev said earlier this year that the name was inspired by the name nickname handed to expatriated Cypriots that had left the island and settled in the UK.
The new carrier will fly to a number of European countries. Charlie Airlines will use two Airbus A319 aircraft from S7 fleet, Filev said.
The airline is in the process of acquiring a licence.
Cyprus Airways shut down in January last year after the European Commission ruled that more than €102m in government support constituted illegal state aid and €66m had to be repaid.
The national carrier could not afford to return the money and operations were suspended.