Aegean, Ryanair asked to submit plans for Cyprus Airways

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Aegean Airlines and Ryanair are the only two airlines the Cypriot government has shortlisted in the race to acquire fast sinking Cyprus Airways. With the end of the tender process this week, the Cyprus Mail reports government received nine bids in total but asked only Aegean and Ryanair to submit business plans.

Among the other contenders were Arkia Israeli Airlines, a "prominent" Russian investor with Swiss citizenship, "Cyprus Air" - a bid led by a Cyprus Airways pilot working alongside another Russian investor, the Arevenca Group (a joint-venture between flyAruba (Aruba) and Spain's Triple Five Group), Blue Air (Romania), and S7 Airlines.

Source: ch-aviation. Full article: http://www.ch-aviation.com/portal/news/ ... us-airways