Cyprus considers saving TUS Airways

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Cyprus considers saving TUS Airways
 © FinancialMirror 2020

Cyprus is looking into whether it can throw an €800,000 lifeline to private Cypriot airline TUS Airways after the ailing company requested a state bailout.

Confirming that TUS Airways asked for a cash injection of €800,000, Permanent Secretary of the Transport Ministry, Stavros Michael, told the Financial Mirror on Tuesday the “government is looking into whether the state could intervene to save a Cypriot airliner”.

“Following a meeting requested by the CEO of TUS, the Finance Ministry has been tasked to investigate whether fulfilling the...


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Cyprus considers saving TUS Airways


The contents of this article including any associated images are © FinancialMirror 2020
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