Cyprus Airways flights terminated after EU ruling
(MENAFN- AFP) Cyprus on Friday announced the "immediate termination" of Cyprus Airways flights after EU regulators ordered Nicosia to recover illegal state aid granted to the ailing carrier.
Communications Minister Marios Demetriades had warned the airline could not survive if the EU decided Cyprus broke the rules by giving it a 31-million-euro ($37 million) capital increase and a 34-million-euro rescue loan.
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