Even if they do merge with Cyprus Airways as was rumoured a while back, I would think CY would take over Eurocypria's charter work. The charter market to Cyprus and the Greek Islands (where ECA have a base in HER) is huge and there are very few reliable good quality airlines available to the smaller tour operators, therefore I would see it as lucrative work. NCL alone has 4 weekly flights programmed next year and I suspect other UK and European airports are the same.
What other charter carriers are available, besides the big UK ones to serve these tour operators?