Bloomberg News

Israel’s CAL Among Groups Eying Cyprus Airways, Stockwatch Says

May 25, 2012

Three investor groups are interested in acquiring a majority stake in Cyprus Airways Ltd. (CAIR), the island’s state-run airline, Stockwatch reported today, citing George Mavrocostas, the carrier’s chairman and chief executive.

They include Canada’s Triple Five, Lebanon’s Middle East Airlines and Israel’s CAL Cargo Airlines Ltd, the financial web site said, citing Andreas Pieridis, president of Cyprus Airlines’ Synyka labor union.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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