Cyprus Airways Threatened With Bankruptcy

Politics ♦ Published: April 4, 2013; 17:26 ♦ (Vindobona)

According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.

Cyprus Airways Threatened With Bankruptcy / Picture: © Cyprus Airways

Because of the cutting of government funds the Cyprian airline company is facing bankruptcy, Fileleftheros reports. According to the newspaper, the Ministers for Traffic, Trade and Labor presented three scenarios about the future of the crippled company: the immediate shutdown of the corporation, the liquidation after the holiday season in summer or the continuing of the air…