What a pathetic attempt at blindly damning something purely for being Cypriot without any degree of comparison with similar bodies.
Zero marks for research!
CyprusNewsReport wrote:Imagine if these were privately owned companies - CA lost 25 million in 6 months and Eurocypria asked for 35 million in May to cover its debts - they'd be shut down overnight.
If it could all be put down to the financial crisis I could be more understanding, but this has been going on for years! I can't even remember the last time CA made a profit.
Taxpayers, we are getting ripped off.
Your memory is very poor then since it wasn't that long ago:
"CYPRUS Airways (CY) made a profit for the second successive year in 2008, despite a huge increase in fuel costs and the added financial burden caused by a "tired out" fleet of aircraft, Executive Chairman Kikis Lazarides said yesterday."
Source: High Beam
And, before I embark on something as unfair and one-sided as you, I believe all the airlines which suffered from the Icelandic Volcanic ashes were afflicted with huge costs. Although, for example, BA's
longstanding problems are world-renowned.
Perhaps it's your appreciation of retaining nationalised industries which is at fault. Maybe you are a daughter of "sell everything off Thatcher"!