Cyprus Airways sells two London Heathrow slots to American Airlines

Cyprus Airways (Larnaca) has announced it has reached a final agreement with American Airlines (Dallas/Fort Worth) to sell two slots at Heathrow Airport in London.

Cyprus Airways will receive $31 million for the two slots which will ensure Cyprus Airways’ liquidity through 2015. The sale is part of Cyprus Airways’ restructuring plan.

Cyprus Airways will transfer the historic Larnaca – London Heathrow route to another London Stansted effective on September 14.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A321-231 5B-DCO (msn 2730) completes its final approach into London’s Heathrow Airport (LHR).

Cyprus Airways: AG Slide Show

American Airlines (current): AG Slide Show