Cyprus-Forum.com

[Paphitis]

Aegean Airlines might take over Cyprus Airways.

It would be a great move. Both Airlines have an all Airbus Fleet.

Aegean could withdraw some routes from Cyprus, therefore less competition. Then they can consolidate their route structure with code share on certain non profitable routes.

They can also have code share with Lufthansa as well as Virgin.

Let's hope this happens and CyAir survives.

[Lordo]

Aegean Airlines might take over Cyprus Airways.

It would be a great move. Both Airlines have an all Airbus Fleet.

Aegean could withdraw some routes from Cyprus, therefore less competition. Then they can consolidate their route structure with code share on certain non profitable routes.

They can also have code share with Lufthansa as well as Virgin.

Let's hope this happens and CyAir survives.

you are clueless as to what these things mean. there is a price to be paid and the cypriots will pay through the nose it this happens. the same thing happened in the north and it did not stop till kthy was shut down with all its personnel redundant.

[Paphitis]

Aegean Airlines might take over Cyprus Airways.

It would be a great move. Both Airlines have an all Airbus Fleet.

Aegean could withdraw some routes from Cyprus, therefore less competition. Then they can consolidate their route structure with code share on certain non profitable routes.

They can also have code share with Lufthansa as well as Virgin.

Let's hope this happens and CyAir survives.

you are clueless as to what these things mean. there is a price to be paid and the cypriots will pay through the nose it this happens. the same thing happened in the north and it did not stop till kthy was shut down with all its personnel redundant.

Look,

if you want a budget airline then by all means get on Thompson with ol Blightey.

Do you know what this means to 700 odd jobs?

I couldn't give a rats arse whether you save a few Euros or not. My concern is for the jobs and the future viability of this terrific airline that flies people safely from A to B!

[supporttheunderdog]

by some accounts as many as 20 firms have expressed interest including Ryan Air. Whether any of this ultimately comes to anything I can only speculate on. If it does then, at the minimum, I suspect staff cuts and possible wage adjustment. If not, and the EU still has to announce if some state help was illegal, which would require the airline to pay it back, and which would likely kill any takeover and the airline overnight, then down she goes.

[DT.]

by some accounts as many as 20 firms have expressed interest including Ryan Air. Whether any of this ultimately comes to anything I can only speculate on. If it does then, at the minimum, I suspect staff cuts and possible wage adjustment. If not, and the EU still has to announce if some state help was illegal, which would require the airline to pay it back, and which would likely kill any takeover and the airline overnight, then down she goes.

This exercise is an asset strip. Only meaningful asset this firm has right now are the remaining landing rights in European airports. This is not an acquisition of the firm, its a distressed trade.

[Paphitis]

by some accounts as many as 20 firms have expressed interest including Ryan Air. Whether any of this ultimately comes to anything I can only speculate on. If it does then, at the minimum, I suspect staff cuts and possible wage adjustment. If not, and the EU still has to announce if some state help was illegal, which would require the airline to pay it back, and which would likely kill any takeover and the airline overnight, then down she goes.

If Lufthansa have anything to do with it, the pilots of CyAir will get a huge raise. The German Pilot's Federation is not something to be messed with.

[Paphitis]

by some accounts as many as 20 firms have expressed interest including Ryan Air. Whether any of this ultimately comes to anything I can only speculate on. If it does then, at the minimum, I suspect staff cuts and possible wage adjustment. If not, and the EU still has to announce if some state help was illegal, which would require the airline to pay it back, and which would likely kill any takeover and the airline overnight, then down she goes.

This exercise is an asset strip. Only meaningful asset this firm has right now are the remaining landing rights in European airports. This is not an acquisition of the firm, its a distressed trade.

It's the same with many airlines around the world. Aircraft are usually leased so can't be regarded as an asset but a liability.

I would also say that the name is also an asset. It has a good regional presence and a good reputation.

I am hoping Aegean buy CyAir. To me the acquisition makes sense.

But Stud is right that afterwards a massive restructure is in order and that might mean new pay scales. But if they adopt the Lufthansa model and assume that EBA, I would presume that the pilots would be very happy.

It seems to me that the biggest obstacle CyAir has is excessive competition in a small market. If the have code share with the likes of Lufthansa, Aegean and Virgin then that's going to be a huge thing because customers will be able to book on CyAir and have connections into North America, Asia and Asia Pacific through their parent. A win win.

Hopefully there is still something left to encourage Aegean to go through with the trade. It will mean that CyAir is a German company but at least the Mouflon will still be flying.

[Kikapu]

by some accounts as many as 20 firms have expressed interest including Ryan Air. Whether any of this ultimately comes to anything I can only speculate on. If it does then, at the minimum, I suspect staff cuts and possible wage adjustment. If not, and the EU still has to announce if some state help was illegal, which would require the airline to pay it back, and which would likely kill any takeover and the airline overnight, then down she goes.

If Lufthansa have anything to do with it, the pilots of CyAir will get a huge raise. The German Pilot's Federation is not something to be messed with.

Is Lufthansa interested in CyAir???

If yes;

Not so sure about Lufthansa rolling out the "Red Carpet" for the CyAir pilots with huge pay raises, Paphitis. CyAir only has 6 aging A320s and only about twice as many destinations that they fly to. It not going to make a dent in Lufthansa’s operation what so ever. Chances are, CyAir will become a budget airlines for them along with SunExpress and Eurowings to compete with the likes of RyanAir and EasyJet. Lufthansa just announced they are pulling out all Swiss flights out of Basil (BSL) to save money, their daughter company, to make room for Eurowings to take their place in the next few months.

[supporttheunderdog]

Are Lufthansa in the picture?

Aegean may have a code share, but they cooperate with many airlines via star alliance. I understand Aegean are mainly Greek owned. I have flown them to London. Very good. I would have no qualms about flying under any arrangement involving Aegean .

Cy btw uses virgin code share and thus has links to transatlantic flights.

[Get Real!]

Lufthansa just announced they are pulling out all Swiss flights out of Basil (BSL)

Yes it must be the bad smell!