Deal signed with Chinese firm

Airport operator Hermes signed a multimillion deal with Chinese firm Far Eastern Phoenix Ltd in the early hours of the morning. The firm plans to develop the old Larnaca airport area, with a large commercial showroom for Chinese products and a logistics centre.

Hermes Airports’ spokesman Adamos Aspris said the final agreement was signed at 1 am. According to the agreement, the firm will take over management of the area for the next 19 years, with the possibility of extending it to 50. 

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