Cyprus Airways (Larnaca) stock was suspended today due to a rash of rumors concerning the future of the flag carrier according to this report by Reuters. One rumor has Aeroflot expressing an interest in acquiring a share of the carrier. The government of Cyprus controls 69 percent of the cash-strapped airline.
The airline issued the following statement:
“Cyprus Airways Public Ltd in relation to today’s press reports on interest expressed by Aeroflot and Middle East Airlines and the State of Qatar for the acquisition of the Company and / or investment in, the Company states again to the investing public that so far no concrete proposal has been raised in either of the above alleged to be concerned or any other potential investor. ”
Read the full report: CLICK HERE
In other news, Cyprus Airways has announced a new codeshare agreement with Middle East Airlines (MEA) (Beirut).
Copyright Photo: Antony J. Best.
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