Hmmm, Cyprus.
Not heard of that one, however as the market for L10 freighters is cornered by one certain individual, and that specific individual is well known for their rather shady dealings (one of their last aeroplanes was seized in RAK by the police and the crew arrested, as I recall), I would be extremely cautious about this 'new' outfit, whatever its name is.
A very extended barge pole approach might be advised.
In addition, the supply of the particular model of engine used on these airplanes is getting rather thin...you can't put a -500 engine on it without major modification to the number two mount, an engine intermix is limited to 30 calendar days, and fitting -22B's all 'round, while possible, limits ops to a rather significant extent.
Having said this, it might be pulled off on a limited basis, provided the engine AD's are complied with.
There has been significant L1011 interest in the past sixty days for some reason, perhaps it has to do with the lack of supply of other new(er) more fuel efficient types.
The 'ole TriStar, if operated in a reasonable manner, by folks who positively know how, can still provide success in a niche market.
We are developing one now, and with the assistance of the head of marketing from the old Laker group, reasonable success is expected.