Chairman upbeat over future as Cyprus Airways runs out of time and cash

By Marie Kambas

The chairman of Cyprus Airways Marinos Kallis, the loss making airline, which is scrutinised by European authorities over alleged unlawful state aid and risks having its license revoked by Cypriot authorities, said the company remains upbeat that it can complete a turnaround even as it runs out of both time and money.

“We need to send a message to the EU that we are credible and are determined to continue the restructuring of the company,” Kallis said during a panel discussion on the future of the airline, organized by the Royal Aeronautical Society yesterday. He added that the airline had asked for further sacrifices from staff, and from business partners to accept reductions in charges.

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The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.