x

Society

Ryanair Will Bid For Cyprus Airways

Ryanair, hoping to expand its presence, reportedly will make a non-binding offer on Aug. 29 for troubled Cyprus Airways, looking to gain Russian and Israeli visitors to the island.

Ryanair has emerged as one of a “handful” of interested bidders for the state-owned business after Chief Executive Officer Michael O’Leary met with Cyprus’s Transport Minister last week, Chief Marketing Officer Kenny Jacobs said, the Bloomberg news agency reported.

“We’ve had a positive meeting on both sides and we think there is a good business there to take over,” Jacobs said in an interview. “It gives us access to a really interesting part of Europe that’s going to grow and that part of Europe is easily connected to the Middle East, which is also interesting.”

A more detailed data-collection process will begin if the Cypriot government approves the Ryanair offer, and it could take a “couple of months” to prepare a binding proposal, Jacobs said.

Some 382,000 people visited Cyprus in July, up 5.7 percent from 2013, according to the Mediterranean island’s statistical authority. Israeli arrivals surged 63 percent and Russian visits rose 21 percent. Tourism accounts for more than a fifth of the economy, according to the World Travel & Tourism Council.

Founded in 1947, Cyprus Airways operates scheduled flights to about a dozen destinations in Europe and the Middle East using a fleet of six Airbus Group NV A320 aircraft, according to its website. The carrier attracts about 1.3 million passengers annually and is almost 94 percent government owned.

 

RELATED

NICOSIA - Ambitious plans to restore and reopen the abandoned Varosha resort on the Turkish-Cypriot occupied side of the island invaded by Turkey in 1974 could cost at least $10 billion, said the Turkish newspaper Sozcu.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

It’s Not as World-Famous as Ramen or Sushi. But the Humble Onigiri is Soul Food in Japan

TOKYO (AP) — The word “onigiri” became part of the Oxford English Dictionary this year, proof that the humble sticky-rice ball and mainstay of Japanese food has entered the global lexicon.

New England is known for its diverse and vibrant food scene.

TIRANA, Albania (AP) — An Albanian appeals court on Tuesday upheld a two-year prison sentence for an elected mayor of the country’s Greek minority, in a move expected to further exacerbate tension with neighboring Greece.

THE HAGUE, Netherlands (AP) — The International Criminal Court said Tuesday it has issued arrest warrants for Russia’s former defense minister and its military chief of staff for attacks on civilian targets in Ukraine, the third time the global court has issued warrants for senior Russian leaders.

FORT PIERCE, Fla. (AP) — Lawyers for Donald Trump on Tuesday will ask the judge presiding over his classified documents case to prevent prosecutors from using evidence seized during an FBI search of his Florida estate and recordings made by one of his former attorneys.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.