Cyprus seeks bids for national carrier

Cyprus is seeking non-binding proposals to take over national carrier Cyprus Airways by Friday, the island’s transport minister said yesterday. 

The government wants a strategic investor to take over Cyprus Airways, a state-controlled airline which has been making losses for years.

Ryanair, Europe’s largest budget airline, and Greece’s Aegean are among firms which submitted non-binding expressions of interest last month for the carrier, the only domestic airline in Cyprus.