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By: - 2nd January 2006 at 21:49 Permalink - Edited 1st January 1970 at 01:00
If they close CY I wonder how quickly their A330s will be snaped up?
By: - 2nd January 2006 at 21:55 Permalink - Edited 1st January 1970 at 01:00
Probably very quickly. Are they series -200 or -300?
By: - 2nd January 2006 at 22:36 Permalink - Edited 1st January 1970 at 01:00
Probably very quickly. Are they series -200 or -300?
-200 with 295 seats in two classes.
By: - 2nd January 2006 at 22:38 Permalink - Edited 1st January 1970 at 01:00
Thanks. Could be of interest to bmi maybe?
Posts: 128
By: nordjet415 - 2nd January 2006 at 21:14
Hi Members
As promised, a further update on Cyprus Airways
The Cyprus Government have announced plans to buy Eurocypria Airlines but
no decision has yet been taken on whether to close Cyprus Airways but the Cyprus Airways unions have been given a few days to accept or reject the plan,
The airline, ( Euro Cypria ) which employees around 150 people and has four aircraft, is said to be worth in the region of £15 million. and is a profitable operation, Pilots and crews are on less salaries than their compatriots at Cyprus Airways.
Under the restructuring plan for Cyprus Airways, Eurocypria operations would be merged with CY to save overall costs for the group, but a contingency plan to separate the smaller airline must be made because, if Cyprus Airways closes, so will Euro Cypria as its subsidiary.
No decision has been taken to close Cyprus Airways but if Cyprus Airways closed next week, the Eurocypria buy out would have to go ahead as soon as possible, the decision to buy Eurocypria had to be made to safeguard the economy because Cyprus needs to have its own airline.
Cyprus Airways can only survive if the rescue plan is implememnted and the unions are now being pressured to accept the plan. This would be the first time that the Cyprus Government has stood up to the unions at Cyprus Airways, in the past the unions have managed to get their way.
Cyprus Airways has sustained massive losses in the past two years as a result of poor management and inefficient working practices, something that will need to change very quickly if the airline is to survive.
more updates when I get them
Regards and Happy new Year
Nordjet 415