CYPRUS AIRWAYS has sold its charter subsidiary Eurocypria to the
government. They are in turn are expected to create a second
debt-free scheduled carrier. Created in 1991 Eurocypria took delivery
of a fifth 189-seat Boeing 737-800 last week. It flies to some 45
airports all over Europe. Cyprus Airways itself is owned 70% by the
state and was approved by the European Commission for a USD$111m of
government rescue aid in May 2005. Besides Cyprus the airline also
operates out of Crete and Rhodes.
http://www.eurocypria.com