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Eurocypria Airlines and Cyprus Airways to be merged

September 9, 2010 — , , , , , , , , , , , ,

Eurocypria Airlines Boeing 737-8BK WL 5B-DBZ (msn 33030) NUE (Gunter Mayer) (to be merged with Cyprus Airways), originally uploaded by Airliners Gallery.

Eurocypria Airlines’ (Larnaca) days are probably numbered. The Cyprus government is moving ahead with plans to merge its state-controlled Cyprus Airways (Larnaca) with state-owned charter airline Eurocypria. Both airlines have been losing money. A a new chairman is expected to be announced within the next few days. Cyprus has an Airbus fleet and Eurocypria has a Boeing fleet. The Eurocypria brand is likely to disappear.

Eurocypria was established on March 25, 1992 as a wholly owned subsidiary of Cyprus Airways as the first Cyprus-based charter airline. Operations began on June 6, 1992 with two new Airbus A320s. Since then the airline has added Boeing 737-800s.

Read the full report from the Financial Mirror:

CLICK HERE

Copyright Photo: Gunter Mayer. Eurocypria’s Boeing 737-8BK 5B-DBZ (msn 33030) visits Nuremberg. The company specializes in having a different colored-tail for each aircraft.

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