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Ryanair makes bid for Cyprus Airways

Ryanair will submit its business package proposal for the ailing Cyprus Airways in time for the deadline bid on Friday.

Chief Marketing officer, Kenny Jacobs, speaking on BBC Radio 5 live said that Ryanair had held “a very positive meeting” with the [South] Cyprus government last week. Jacobs said that the eastern Mediterranean was “a really fast-growing area” for travel.

The South Cyprus authorities say they expect to get around 15 various proposals for the airline.

Ryanair owner, Michael O’Leary, who was in Nicosia on Friday said that he believed his company could increase Cyprus Airways annual passenger numbers from their current level of 600,000 to 3 million.

O’Leary also met with the Communications Minister, Marios Demetriades, who said that Ryanair has submitted to the Government a proposal which was separate from the ongoing process aimed at finding a strategic investor.

Demetriades said the South’s Government will examine Ryanair’s proposal to see whether or not it meets its expectations.

It is likely that the name of the new owner of Cyprus Airline will be announced at the beginning of October.

Read previous article about Cyprus Airways here.

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Ryanair´s owner Michael O’Leary
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The post Ryanair lägger bud på Cyprus Airways appeared first on Norra Cypern Magasinet.

About Sophia Söderholm 2629 Articles
At the age of ten Sophia moved from Sweden in 1998 and has since lived in several locations around the world including Spain, and has been residing in North Cyprus for four years now. Her educational background is in marketing, hotel management and real estate, and she now works as a real estate agent and is editor in chief for New Cyprus Magazine. If you any questions for Sophia, please write to: sophia@newcyprusmagazine.com.