Ryanair Holdings Plc will submit a non-binding offer for Cyprus Airways tomorrow as Europe’s No 1 discount carrier seeks to extend its footprint eastward to an island increasingly popular with Russian and Israeli visitors.

RYANAIR rival EasyJet made after-tax losses of €63.3 million in the last six months as Europe’s biggest low-cost airline struggled to match its Irish counterpart in the earnings stakes.

The Dutch government has agreed to a total 62 million nfl in direct aid for Dutch airlines to cover losses during the period September 11-14 when American airspace was closed, the transport ministry said.