Cyprus Airways Possibly On Verge Of Closure | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Mon, Dec 29, 2014

Cyprus Airways Possibly On Verge Of Closure

Must Produce Restructuring Plan, Other Documents By January 8

Cyprus Airways may be grounded early in January if it is unable to produce documents proving its financial viability to the Greek government by January 8.

The Cyprus Mail relays a report from the Kathimerini newspaper which indicates that the airline has until that date to delivery fully audited results for 2014 to authorities as well as evidence that it is a "going concern." The report did not cite a source for the demand.

According to the report, the European Commission is likely to say that state aid the airline received from the government in 2011 and 2012 was illegal, and that it must be repaid.

Nicos Christodoulides, a spokesman for the Greek government, said that the government has had no indication that the European Commission is about to force the airline to cease operations.

FMI: http://ec.europa.eu/index_en.htm

Advertisement

More News

NTSB Prelim: Lee Aviation LLC JA30 SuperStol

A Puff Of Smoke Came Out From The Top Of The Engine Cowling Followed By A Total Loss Of Engine Power On May 9, 2025, about 1020 mountain daylight time, an experimental amateur-buil>[...]

Classic Aero-TV: Curtiss Jenny Build Wows AirVenture Crowds

From 2022 (YouTube Edition): Jenny, I’ve Got Your Number... Among the magnificent antique aircraft on display at EAA’s AirVenture 2022 was a 1918 Curtiss Jenny painstak>[...]

ANN's Daily Aero-Term (05.30.25): Very High Frequency (VHF)

Very High Frequency (VHF) The frequency band between 30 and 300 MHz. Portions of this band, 108 to 118 MHz, are used for certain NAVAIDs; 118 to 136 MHz are used for civil air/grou>[...]

Aero-News: Quote of the Day (05.30.25)

“From approximately November 2021 through January 2022, Britton-Harr, acting on behalf of AeroVanti, entered into lease-purchase agreements for five Piaggio-manufactured airc>[...]

Classic Aero-TV: Quest Kodiak Enhances Migration Monitoring Programs

From 2008 (YouTube Edition): US Fish and Wildlife Service Chooses The Kodiak To Monitor Waterfowl Populations Waterfowl all over North America may soon have to get used to a new ab>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 06.02.25: Isaacman UN-Nomination, 28K' Paraglider Flt, Williams Builds

Airborne 05.30.25: Anti-Helicopter Bill, PW Strike Done, All-Electric Bristell

Airborne 05.29.25: ATC Bonu$, VX4 eVTOL Flies, Starship 9 Test

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC