S7 Group owners to set up an airline In Cyprus

S7 group expands to Cyprus Photo by Fyodor Borisov / transport-photo.com

 

The owner of the S7 Group, Vladislav Filyov, announced today his plans to create a new airline in Cyprus. The new carrier, Charlie Airlines, will receive two Airbus A319 narrow-body aircraft currently operated by S7 Airlines despite not being a part of the group, Filyov said. S7 Airlines will get a pair of A321 instead.

Because European legislation puts a restriction on the share of foreign capital in European entities, Russian-owned shares in Charlie Airlines will not exceed 49% of the total company. According to Filyov, the airline may launch operations before the year’s end.

Cyprus currently has no airline of its own after its national carrier, Cyprus Airways, went out of business last year due to financial insolvency. Along with Filyov’s project, Cypriot authorities have encountered several other similar persuits, one of them of British businessman Andrew Pyne, top-manager of the unsuccessful Russian low-cost airline Avianova. Mr Pyne has expressed his intention to launch a low-cost carrier in Cyprus called Cobalt.

At the end of last year, Russia and Cyprus liberalized air connection by removing all restrictions of the number of designated carriers able to operate between the two countries.

 

  • 4
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Russian Aviation Insider
Newsletter
Powered by Air Transport Observer, Russia & CIS’ premier information provider on commercial aviation with a 20-year legacy, Russian Aviation Insider provides you with timely and reliable business news, insights and analysis on commercial aviation all around CIS.
Sign up for our free Newsletter and never miss:
  • Airline Business news and analysis
  • Aerospace Industry updates
  • Traffic statistic data and trends
  • Airport, MRO, Leasing and other related businesses
  • Appointments and promotions

Get relevant data from reliable industry sources!

24 Trackbacks & Pingbacks

  1. S7 repainted first A319 into Cyprus Airways livery - Russian aviation news
  2. URL
  3. Buy Fake ID cards Online
  4. iphone carding
  5. middle school science fair projects
  6. 바카라 전략
  7. Purchase Anavar
  8. Elli Wende-Matratze
  9. SEO Las Vegas
  10. Sibutramine kaufen
  11. Anabolika shop
  12. online pharmacy merchant services
  13. Phentermine kaufen
  14. Professional SEO Services
  15. automatic wrapping machine
  16. online sale
  17. discount offers on android gadgets
  18. claim free litcoin
  19. android gadgets
  20. letmejerk.com
  21. earn money online
  22. cbd merchant account reviews
  23. best paid to click sites
  24. click ad jobs

Leave a comment