Defunct cyprus airways: Russian airline acquires logo rights

NICOSIA: A subsidiary of Russian airline S7 has acquired the rights to use the logo of defunct carrier Cyprus Airways for 10 years at a cost of 2.04 million euros, under a deal signed on Friday. The $2.25-million agreement signed in Nicosia allows new subsidiary Charlie Airlines to display the logo - a mouflon mountain sheep which Cyprus says is native to the island - on its aircraft on flights to and from the eastern Mediterranean holiday destination. National carrier Cyprus Airways was shut down in January 2015 after breaking EU state aid rules and unable to repay the millions in cash it had received. Charlie Airlines expects to launch flights with two Airbus A319 planes from Cyprus by the end of 2016 with the UK, Greece and Russia its main destinations.

Published in The Express Tribune, July 9^th, 2016.

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