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The National Herald

Tuesday, May 21, 2013 Last Update: 8:16 PM ET

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Cyprus Airways Board promotes rescue plan

Discussions with Cyprus Airways trade unions need to conclude by the end of next week, in order for the Cypriot Parliament to proceed with a draft bill providing for the company’s share capital increase by 45 mln euro, CA Executive Chairman George Mavrocostas said today.

The government, who owns the majority of the company’s shares, announced th

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