Ryanair will probably submit an expression of interest in troubled Cyprus Airways being up for sale.
The Cypriot government in mid-July invited non-binding expressions of interest in its shares or assets in Cyprus Airways, the state-controlled airline which has posted heavy losses for years.
The deadline for submissions is July 23, and requires a non-binding expression of interest to consider a potential binding offer.
“We probably will make some expression of interest in Cyprus Airways,” O’Leary told reporters in Nicosia in response to a question. “…We want to see if we could help the government come up with some rescue package even though it might be too late.”
More on the subject in
Cyprus Mail.