...so they're still going...
But for how much longer?
Greek Daily Kathimerini
here are quoting the Cypriot Communications Minister as saying the airline will be winding down:
"State-owned airline Cyprus Airways is gradually to close down its loss-making Athens-based subsidiary Hellas Jet, Cypriot Communications Minister Haris Thrassou said on Saturday. Hellas Jet was losing an estimated 1.5 million euros a month. A British and Dutch company had made tentative bids to buy Hellas Jet but Cyprus Airways rejected the offers. Closure of the airline is expected to cost between 15 and 17 million euros in paying staff compensation and settling outstanding debts. (AFP)"
m.