O’Leary: Ryanair likely to express interest in troubled Cyprus Airways

Ryanair will more than likely submit an expression of interest in troubled Cyprus Airways which is up for sale, CEO Michael O’Leary said yesterday. 

The Cypriot government has invited non-binding expressions of interest in its shares or assets in the state- controlled airline which has posted heavy losses for years.

The submission deadline is today and requires a non-binding expression of interest to consider a potential binding offer.