Cyprus Airways have informed the Cyprus Stock Exchange that the Canadian Triple 5 group have reiterated their interest in buying a stake in the company. CA point out that certain conditions will have to be met before any cooperation can take place.
It was issued following reports in Phileleftheros that Triple 5 had made a writen offer to acquire 100% of the airline.
CA is seeking to increase the share capital in order to stave off bankruptcy amid intense competition.
Cyprus Weekly