The UK doesn't need Eurocypria or CY.
Where there is demand, it will be filled by the plethora of other charter operators on behalf of all the the likes of TUI etc and no one in Cyprus will care.
The facts are that the tourist trade is so important to Cyprus it doesn't matter who flys the tourists in and out, just so long as they are there to spend their Euros and bring the Russians in to tend to their holiday homes.