Cyprus Airways entered into a voluntary liquidation in January 2015 as the European Commission considered a subsidy granted by the government to the carrier illegal.

The tender was published in the local and international press on January 5 of that same year. The use of the CA logos and trademarks concerns the operation of a flights schedule to and from Cyprus.

The Cyprus Privatisations Unit on June 2015 launched a process to determine interest in the transaction, with the government reserving the right to execute a formal process. The government decided to go ahead with the official process, estimating that investors would submit expression of interest in case of an official open tender, according to a quarterly report issued by the Privatisations Unit.

Under the tender terms, interested parties should submit their EoI by February 9 2016.

Parties that expressed interest under the process launched on June 15 will not be required to re-submit written EoI.

Source: Famagusta Gazette