Press Release: State aid: Commission opens in-depth investigation into restructuring aid for Cyprus Airways

The European Commission on 4 February 2014 opened an in-depth investigation to verify whether Cyprus' plans to support the restructuring of Cyprus Airways with €102 million are in line with EU state aid rules.

The Commission will investigate in particular whether the restructuring plan is suitable to make Cyprus Airways viable without continued state support and to offset the competition distortions created by the state aid.

• Primary Source

Cyprus Mail, 02.10.14: Nothing left to save with Cyprus Airways (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE152989-Nothing-left-to-save-with-Cyprus-Airways

BBC News, 27.10.14: Ryanair to bid for Cyprus Airways http://www.bbc.co.uk/news/business-28949826

Irish Examiner, 31.10.14: Ryanair in bidding for Cyprus Airways http://www.irishexaminer.com/business/ryanair-in-bidding-for-cyprus-airways-295808.html

Phileleftheros, 13.11.14: Cyprus selling out to Turkey (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE153678-Cyprus-selling-out-to-Turkey

BBC News, 09.01.15: Cyprus Airways shuts down after order to repay state aid http://www.bbc.co.uk/news/business-30754232

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