8-Nov-2010 2:09 PM

Eurocypria to be absorbed into Cyprus Airways

Cyprus' Government confirmed it plans to liquidate Eurocypria and Cyprus Airways will absorb the carrier’s staff (Cyprus Mail, 06-Nov-2010). The proposed merger between the two carriers has been abandoned, following a competition ruling by the EU. The European commission ruling prevents the Cypriot government from Europcypria’s obligations, before or after the liquidation.  A plan to provide compensation for 265 Eurocypria still requires EU approval. 300 Eurocypria staff conducted a brief strike action on 06-Nov-2010, blocking the entrance to Larnaca Airport.