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Cyprus Airways negotiations with strategic investors not been put into consideration

Direct News Source

03-Feb-2012 With reference to a recent report in websites, according to which the government, as major shareholder of Cyprus Airways Public Ltd, is ready to negotiate with a strategic investor or associate for the possible sale of even a majority stake, the Company would like to inform the investing public that the issue has not been put into consideration so far.

The Board of Directors will examine the developments at a meeting scheduled for Tuesday, February 7, 2012, along with other issues concerning the Company's capital.