Ryanair Bids On Cyprus Airways

Ryanair has made a bid for Cyprus Airways despite previous claims of its disinterest in the carrier. The deadline for proposals to purchase the airline will close on Friday (August 29) and it is thought 15 companies will make an offer. Ryanair is likely to drastically remodel Cyprus Airlines – which is making a loss under state control – should it take over the carrier. The Irish airline’s CEO, Michael O’Leary, has claimed that he could take Cyprus’ passenger numbers from 600,000 to three million. But it is the airline’s base that O’Leary wants. With a foothold in Cyprus, Ryanair could gain a foreign air operator’s certificate, which it could use to expand its own operations. Ryanair’s chief marketing officer Kenny Jacobs told the BBC that Ryanair had “a very positive meeting” with the Cypriot government last week.

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