Cyprus Airways Ltd, the island country’s state-controlled carrier, said on Monday it signed a letter of intent to sell two Airbus A319 planes to GECAS Asset Management Services Inc for a total of $30.5 million.
A sales and purchase agreement for the two short-to-medium-range aircraft with GECAS, a unit of GE Capital, will be signed when final terms are concluded and approved by the airline’s board, the Nicosia-based carrier said in a filing to the Cyprus Stock Exchange.
Cyprus Airways said on February 29 it had a pretax loss of 18.8 million euros in 2011, widening from a loss of 3 million euros a year earlier.
Greeks appeared to be the second happiest people on the European continent, despite the ongoing financial crisis, according to research conducted by the non-profit, Hamburg-based, Foundation...
A meeting between junior coalition partners Evangelos Venizelos, head of socialist PASOK, and Fotis Kouvelis, leader of Democratic Left, was underway on Wednesday afternoon, ahead of a cruci...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
The people of this country need to see their politicians start producing real, tangible results. One of the leading factors behind the anger and frustration felt by so many Greeks toward the...
There is no room for ego trips and personal whims when the country’s survival is at stake. The three party leaders who agreed just a year ago to join forces in order to govern the country mu...
