FINANCE Minister Charilaos Stavrakis yesterday invited the boards of state airlines Cyprus Airways (CY) and Eurocypria to a meeting on Friday aimed at bridging their differences and encouraging co-operation, saying he wanted both airlines to be healthy and prosperous.

Stavrakis called the meeting after CY Chairman Kikis Lazarides had sent him a letter last week calling on the government to either shut down 100 per cent state-owned airline Eurocypria or allow it to be taken over by CY. In his letter, Lazarides argued that the island simply isn’t big enough for two national carriers, and suggested that continued competition between the airlines would ultimately lead to the ruin of both of them.&n... Read more »