Cyprus Airways Chairman Antoniou Steps Down, Cabinet Accepts Resignation

Chairman of the Board of Directors of Cyprus Airways Tony Antoniou

The Chairman of the Board of Directors of Cyprus Airways Tony Antoniou has submitted his resignation in the face of allegations of fraud and the Council of Ministers of the Republic of Cyprus has accepted it.

The Council was briefed on Friday on the conclusions of a report by the Permanent Secretary of the Ministry of Finance.

The the report concluded that Antoniou did not act in a fraudulent manner or with intent to pursue personal gain.