Cyprus Airways Limited · Nicosia Cyprus
Company Description
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This link will open in a new window At one time, hardy Cypriots traveled from their island home in triremes, but now all they have to do is book a flight on Cyprus Airways. Operating a fleet of 11 Airbus jets, the government-owned carrier flies to 31 destinations in Europe and the Middle East. After four years of losses, the airline underwent a restructuring plan in 2006 that cut jobs, wages, and operations, but it successfully posted a profit in 2007. Cyprus Airways is 70% owned by the government of Cyprus and 30% owned by private investors. The airline is listed on the Cyprus Stock Exchange.
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Key Cyprus Airways Limited Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $311.6 |
| Employees | 1,130 |
Cyprus Airways Limited Executives
8 executives listed for Cyprus Airways Limited's Nicosia, location.
| Title | Name & Bio | Contact |
| Chairman | Lazaros Savvides | Network |
| Deputy Chairman | Frixos Savvides | Network |
| General Manager | Christos Kyriakides | Network |
Competition
Competitive Landscape for Cyprus Airways Limited
Airlines depend highly on the health of the US economy, which affects air travel by business and consumer passengers. Because many costs are fixed, the profitability of individual companies is determined by efficient operations and on favorable fuel and labor costs. Small airlines can compete by servicing local or regional routes. To read the full description, subscribe now.Top Cyprus Airways Limited Competitors
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