Cyprus Airways ceases operations after EU ruling
Airline News
Cyprus' national carrier has terminated operations after being ordered by the European Commission to repay more than 65m euros (£50m) in illegal state aid.
Cyprus Airways was accused of breaking rules regarding support for
The Cyprus national carrier was accused of breaching rules on support for struggling companies after it repeatedly received aid between 2007 and 2013.
The government, which owns 93% of the airline, has unsuccessfully searched for external investors.
Harris Georgiades, Cyprus' Finance Minister, said the company had "stopped being a viable entity, and cannot continue to function". He continued on saying that starting with Saturday, there would be alternative arrangements for Cyprus Airways' flights.
Ryanair has begun offering rescue fares for customers affected by the carrier's collapse. The Irish airline claims these low fares, which start from €49.99, come to help stranded customers following Cyprus Airlines' closure.
"Cyprus customers can count on Ryanair's rescue fares, which start as low as €49.99. Travellers can log onto the Ryanair website, Ryanair.com, and can find fares such as Athens and Thessaloniki (to Paphos) at the low price of just €49.99, and fares from London Stansted to Paphos at just €69.99," said Ryanair's Robin Kiely.
"Cypriot consumers already choose Ryanair for industry leading customer service, great route choice and, of course, for our low fares. With our great new app and improved website, customers can now carry a free small 2nd carry-on bag, use their personal electronic devices at all stages of the flight and enjoy allocated seats, use our new Business Plus and Family Extra services. Ryanair continues on offering more than just low fares," Added Kiely.
Government officials said the last flight for Cyprus Airways took place last night.
Cyprus Airways was accused of breaking rules regarding support for
The Cyprus national carrier was accused of breaching rules on support for struggling companies after it repeatedly received aid between 2007 and 2013.
The government, which owns 93% of the airline, has unsuccessfully searched for external investors.
Harris Georgiades, Cyprus' Finance Minister, said the company had "stopped being a viable entity, and cannot continue to function". He continued on saying that starting with Saturday, there would be alternative arrangements for Cyprus Airways' flights.
Ryanair has begun offering rescue fares for customers affected by the carrier's collapse. The Irish airline claims these low fares, which start from €49.99, come to help stranded customers following Cyprus Airlines' closure.
"Cyprus customers can count on Ryanair's rescue fares, which start as low as €49.99. Travellers can log onto the Ryanair website, Ryanair.com, and can find fares such as Athens and Thessaloniki (to Paphos) at the low price of just €49.99, and fares from London Stansted to Paphos at just €69.99," said Ryanair's Robin Kiely.
"Cypriot consumers already choose Ryanair for industry leading customer service, great route choice and, of course, for our low fares. With our great new app and improved website, customers can now carry a free small 2nd carry-on bag, use their personal electronic devices at all stages of the flight and enjoy allocated seats, use our new Business Plus and Family Extra services. Ryanair continues on offering more than just low fares," Added Kiely.
Government officials said the last flight for Cyprus Airways took place last night.
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