11-Aug-2009 8:20 AM
Cypriot Air Route Development Support Scheme to benefit Larnaca and Paphos airports
Analysis
Cyprus is the latest country to take advantage of the EU scheme that permits public money to be employed in the support of new European air routes. A EUR18 million plan will see airline start-up activities and marketing costs partially funded on new routes between the Larnaca and Paphos airports and airports in Ireland, Germany and Italy. Such funds have become popular but there can be a fine dividing line between what is and is not permissible.
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