The Greek Cypriot Council of Ministers is looking for ways to establish a new private Greek Cypriot airline which will carry the logo and name of Cyprus Airways, ‘Famagusta Gazette’ reports.
Following a Cabinet meeting held on Wednesday, less than a week after the state-owned airline’s demise, deputy government spokesman Victoras Papadopoulos said that the aim was to improve links between Cyprus and other countries, to re-hire former Cyprus Airways employees and use the Cyprus Airways brand name.
“After this decision we begin the process to find a new investor based in Cyprus so that a new company can operate and adopt the logo and the name of Cyprus Airways”, he added.
The national flag carrier, once the major airline in Cyprus finally closed down last week after an EU Commission decided that the 102 million euro state aid given to the airline between 2012/2013 was illegal and had to be repaid.
EU Competition Commissioner Margrethe Vestager said that Cyprus Airways would never become viable without continuing state subsidies.