Cyprus Air to Get Payment for Turkish Ban, Mail Says
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Cyprus’s government will compensate state-controlled Cyprus Airways for extra costs caused by Turkey’s ban on Cypriot air traffic using its air space, provided the carrier agrees to reorganize, the Cyprus Mail said.
The government will pay the airline 20 million euros ($26 million) for the increased costs of some flights, especially to and from Russia, if it agrees to pay-cuts and redundancies that would save 12 million euros, the newspaper said, citing Nicos Tampas, who represents the Cyprus Workers’ Confederation.