Cyprus Airways

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Cyprus Airways
Κυπριακές Αερογραμμές
Cyprus Airways Logo.svg
IATA
CY
ICAO
CYP
Callsign
CYPRUS
Founded 24 September 1947 (1947-09-24)
Hubs Larnaca International Airport
Frequent-flyer program Sunmiles
Airport lounge Executive Lounge
Fleet size 6
Destinations 19
Parent company Government of Cyprus
Headquarters Nicosia, Cyprus
Key people
  • Mr. Makis Constantinides (Chairman)[1]
  • Aaron Karaoglanian (CEO)[2]
Website cyprusair.com

Cyprus Airways Public Ltd, operating as Cyprus Airways (Greek: Κυπριακές Αερογραμμές Kypriakés Aerogrammés), is the national airline of Cyprus, a public limited company with its head offices located in the capital of the island, Nicosia.[3] It operates scheduled services to 19 destinations in Europe and the Middle East. In summer months the airline also operates some charter flights mainly to the United Kingdom and Greece. It flies from its hub Larnaca.

History[edit]

Early years[edit]

The airline was established on 24 September 1947 as a joint venture between the Colonial Government of Cyprus, BEA (British European Airways), and private interests. Operations commenced on 18 April 1948 with three Douglas DC-3 aircraft. The planes, which carried 21 passengers each, flew on a route network centered in Nicosia that soon included Rome, London (via Athens), Beirut, Athens, Cairo, Istanbul, and Haifa. During the next three years the airline purchased an additional three DC-3 aircraft and introduced new services to Alexandria, Amman, Bahrain, Khartoum (via Haifa) and Lydda.

In 1952, BEA took over service to London with an Airspeed Ambassador, which featured Cabin pressurisation that allowed nonstop routing avoiding a stopover in Athens. On 18 April 1953, BEA commenced using its newly delivered Vickers Viscount 701 on their scheduled service from London to Rome and Athens. The continuing sector from Athens to Nicosia was operated by BEA under charter to Cyprus Airways. This route from London to Nicosia was the world's first regular turboprop service.[4]

In 1956, contemplating expansion of its routes, the company ordered two Vickers Viscount 756 aircraft that would be named St Hilarion (registration G-APCD) and Buffavento (G-APCE), but eventually it decided to sell them before receiving them because of the uncertain political situation in Cyprus. It also decided to sell all the Douglas DC-3 and Auster aircraft in September 1957 and enter into a five-year agreement with BEA for the latter to operate services on behalf of Cyprus Airways.[5]

BEA took over the operation of all Cyprus Airways services effective 26 January 1958 by special arrangement.

Independence in 1960[edit]

The government of newly independent Cyprus became the majority shareholder in 1960 with a 53.2 percent holding, while BEA's stake was reduced to 22.7 percent and private individuals held the rest. Thereafter, Cypriot nationals began to be hired and trained for the flight crews, which had previously been made up of British expatriates from BEA.

Cyprus Airways still relied on the U.K. airline for aircraft. BEA began introducing Comet 4B jets on all routes in 1961 via a joint aircraft pool arrangement that included Greece's Olympic Airways.

On 5 April 1960, BEA introduced de Havilland Comet 4B aircraft on the Nicosia, Athens, Rome, and London routes. Cyprus Airways with the introduction of the Comets became the first airline in the middle east to have jet airplanes. The Comets flew in the BEA livery, but had the Cyprus Airways logo and title affixed above their doors.

In 1965, Cyprus began leasing its own Viscounts from BEA for regional routes. Around this time, a winged mountain goat, the flying mouflon, was adopted for the airline's logo.

The Comet and Viscount aircraft were replaced with five Trident jets three of them acquired from BEA. The first Hawker Siddeley Trident jet was introduced in September 1969. Cyprus also leased a BAC 1-11. The faster planes allowed more European trade centres (Frankfurt, Manchester, Brussels, and Paris) to be added to the timetable.

1974[edit]

At the start of the Turkish invasion of Cyprus in 1974, the attack on Nicosia airport caught all five of Cyprus Airways aircraft on the ground. Of the four Tridents stranded at Nicosia International Airport.,[6] one was destroyed by Turkish Air force rocket fire and wreckage of its tail still exists at that airport and one was damaged by small arms fire remaining in the same position today as it did in 1974 slowly decaying. The two other Tridents were only lightly damaged by small arms fire and were flown out of Nicosia by British Airways engineers to the United Kingdom in 1977. (The team from BA was assisted by a British Army team from the UN Peace Keeping (UNFICYP) REME Workshop based in Nicosia. They used their 6x6 Leyland Recovery vehicle to remove the tail section of one of the destroyed planes and to lift the repaired engines into place. When the Tridents flew out (the Turks would not give permission for test flights, once they took off they were not allowed to return) they were the first planes to use the runway since U Thant flew in and out on a UN flight.) One of these is now on display at the Imperial War Museum Duxford, England, although it has been returned to its original BEA livery.[7] Also flown out was the company's BAC1-11 which was claimed by the insurers of the lessor, Court-Line, which had gone bankrupt. That aircraft returned to Cyprus Airways in 1978 and served with the company until 1995.

Boeing 707-123B of Cyprus Airways at Manchester Airport in 1979

All of the Cypriot airline's operations had to be suspended following the end of the hostilities in 1974 because the Nicosia International Airport, the only airport of the island, had to be closed. Although the Turkish troops did not capture it, they were close enough to it to demand that it not be reopened. The government of Cyprus then moved quickly to build a small terminal by a runway in Larnaca and Cyprus Airways restarted limited operations from there on 8 February 1975.The airline leased Viscount turboprops to fly a stripped down route network to a few key cities in the region: Beirut, Tel Aviv, and Athens via Heraklion, with connections to London on British Airways. Cyprus Airways leased a pair of DC-9 jets in August 1975 to resume its own flights to London (via Salonika). The acquisition of a DC-8 several months later allowed for non-stop service. Cyprus also added flights to Saudi Arabia at this time. The company was soon able to order a pair of new BAC 1-11s, added to the sister aircraft already in the fleet. The economic loss of the Turkish invasion to the airline was estimated to be 1.6 million Cypriot pounds. To survive, the airline decided to reduce the salaries of all its employees to minimum, who accepted it.

The airline ordered still more different aircraft types in the late 1970s which replaced some earlier aircraft coming off lease.

Expansion in the 1980s[edit]

Airbus A310-200 of Cyprus Airways at Zurich Airport in 1985

By 1981, Cyprus's fleet included four Boeing 707-123B (1979–1989) and three BAC One-Eleven 500. The route network again extended from Manchester, England, to Baghdad. A change in ownership structure had taken place, with British Airways selling all but 5 percent of the shares it had inherited from BEA to the Cypriot government. Private investors owned the remainder (24.14 percent).

Cyprus made a transition to Airbus aircraft over the course of the decade. Its first A310 widebodies arrived in 1984, followed by A320s in 1989. The order for the eight A320s was worth more than DEM 250 million.

Cyprus Airways was one of the first airlines to operate the Airbus A310, the eighth airline in the world to receive the Airbus A320, and the first airline that launched the IAE V2500 engine along with Adria Airways.

Profits reached record levels in the mid-1980s as the airline added service from new U.K. cities (Cardiff, Newcastle, and Glasgow). Income of CYP 4.8 million (DEM 8 million) in 1983, a record, would be tripled three years later. By this time, the airline was carrying 740,000 passengers a year.

1990s[edit]

Cyprus Airways Airbus A310 departing Manchester Airport for Larnaca in 1991

British Airways divested the last of its shares in 1991, leaving the government with an 80.46 percent stake and private investors, the remainder. The airline was flying high, introducing a livery and uniforms as the Airbuses plied new routes to Berlin and Helsinki. Cyprus Airways had also joined the SABRE international computer reservations system and set up a tour operation in the United Kingdom.

In 1992 the group established Eurocypria Airlines Ltd. to fly European tourists to Cyprus on a charter basis. It was expanding into ancillary services as well, taking over duty-free operations at Larnaca and Pafos airports.

Cyprus added many new cooperation agreements with other airlines as it developed its international reach by linking Europe and the Middle East. Its partners included KLM and Saudia. By the mid-1990s, more than one million passengers were flying Cyprus Airways every year; another 4,000 chose the charter operation Eurocypria. The airline's market share approached 40 percent. After a rough couple of years, the company posted a CYP 13 million profit in 1994 thanks to cost-cutting and marketing efforts.

New Millennium[edit]

The airline introduced a restyled livery, as it embarked on an ambitious fleet renewal programme. Two new Airbus A319s, smaller than its other aircraft, were added in 2002. The next year, two new Airbus A330s replaced the older A310s on long-haul routes. A fleet of four Boeing 737s was chosen for the Eurocypria charter subsidiary, however, with two further similar aircraft added in 2004 and 2005. A feature of the new Eurocypria aircraft was that each had a different colour on its tail. In the meantime, the A320s owned by Cyprus Airways but leased to Eurocypria were returned to the parent company.

In 2002, the Cypriot government lowered its ownership stake to 69.62 percent.

Cyprus Airways founded Hellas Jet in Athens (Greece) in 2003, never making a profit. It held a 75% share of that carrier until all of the shares were sold to Air Miles (charter broker) Air Miles in 2005.

In 2006, the government of Cyprus bought Eurocypria because Cyprus Airways started facing severe financial problems.

According to the airline's 2010 financial results the operating loss for 2010 was €4,9 million in comparison to a loss of €5,4 million in 2009.[8] On 28 June 2011 Cyprus Airways issued a profits warning to the Cyprus Stock Exchange, attributing this to "the continuing financial crisis and to the further significant increase in fuel prices."[9] On 31 August 2011 Cyprus Airways issued its results for the first half of 2011 which showed a loss of €29,3 million in comparison to a loss of €25,5 million for the respective period of 2010, recording an increase of €3,8 million.[10]

As a result of an extensive restructuring programme to curb the continued losses, most Middle East destinations were cut from the timetable in 2011/2012, including Bahrain, Cairo, Damascus, Dubai and Jeddah.

Code-share agreement with Virgin Atlantic[edit]

As of 25 July 2011, Cyprus Airways has signed a code-share agreement with Virgin Atlantic Airways. The Cypriot market will be able to travel to Boston, New York, Newark, Los Angeles, Manchester, Edinburgh and Aberdeen on flights operated by Virgin using both Virgin and Cyprus Airways flight numbers, with connecting flights at London Heathrow Airport. Services from London Heathrow to Larnaca are operated by Cyprus Airways aircraft with flight numbers both of Cyprus Airways and Virgin Atlantic.

Code-share destinations[edit]

With Cyprus Airways having many codeshare agreements it also opens up many more destinations for the airline. This allows Cyprus Airways to fly to many destinations in Italy and Spain with Alitalia, French destinations on Air France connections via Paris, and to four destinations in the USA, New York, Newark, Boston and Los Angeles. The American routes are operated by (Virgin Atlantic) only. Cyprus Airways also acquired CY flight numbers on the 3 internal UK destinations that Virgin Atlantic fly to from London Heathrow as a result of the forced abandonment of slots by British Airways as a result of the latter's takeover of BMI. These are Aberdeen, Edinburgh and Manchester.

Recent Developments[edit]

In February 2012, due to the continuing poor financial results of the airline, the Cypriot government decided to raise the share capital of the company and sell the state-owned majority of shares. Negotiations were developing with Aeroflot, which was expected to buy the company if an agreement is reached with the Cypriot government.[11] In May 2012, Cyprus Airways announced that interest was expressed by Triple Five Group, the first official announcement concerning a bidder for the sale of the company.[12] On 23 July 2012, the Cyprus Stock Exchange suspended dealing in Cyprus Airways shares, due to the delay by Cyprus Airways in submitting and publishing its annual financial statements for the year ended 31 December 2011.[13] A statement to the Cyprus Stock Exchange on 4 March 2013 gave the results for Cyprus Airways Group for the year ended 31 December 2012 as a loss after tax of €55,8 million in comparison to a loss of €23,9 million in 2011.[14] The European Commission announced on 6 March 2013 that it has opened an investigation into whether the Cypriot government's €73 million rescue loan in December 2012 and €31.3 million contribution to a capital increase in January 2013 are in breach of EU rules on state aid.[15]

On 13 March 2014 Cyprus Airways confirmed the sale of its second slot at London Heathrow Airport to the Lebanese company Middle East Airlines for €6.3 million.[16] [17]

Corporate affairs[edit]

Ownership[edit]

Cyprus Airways Public Ltd is predominantly owned by the government of Cyprus, with 391,155,177 shares issued and fully paid:[18]

Shareholder Interest
Government of the Republic of Cyprus 093.67%
Private investors 6.33%
Total 100.00%

Business trends[edit]

The key trends for Cyprus Airways are shown below (as at years ending 31 December). Full annual reports and accounts were issued up until 2007, but as the airline's financial position has deteriorated, so the annual accounts have become briefer. The 2012 figures are only from press reports, and are unaudited.:[19]

2005 2006 2007 2008 2009 2010 2011 2012*
Turnover (€m) 206.5 209.8 288.5 311.4 247.5 236.4 212.9 175.5
Profits (EBT) (€m) −24.5 −16.6 2.5 2.1 −3.2 0.4 −23.6 −55.8*
Number of employees (at year end) 1,538 1,131 1,354 1,197 1,226
Number of passengers (m) 1.6 1.6 1.7 1.7 1.6 1.3 1.3
Passenger load factor (%) 71.2 73.0 72.2 71.6 70.2 71.3 71.1
Number of aircraft (at year end/*average) 10 10 11 12 11* 12 9
Notes/sources [20] [21][22] [23] [24] [25] [26] [19][27] [19]

*Unaudited figures; loss shown is after tax.

Destinations[edit]

Cyprus Airways destinations

As of April 2014 Cyprus Airways serves 12 year-round destinations in 10 countries, all in Europe and the Middle East.

Codeshare agreements[edit]

As of February 2014, Cyprus Airways has codeshare agreements with the following airlines:[28]

Fleet[edit]

Airbus A319 in 2010

As of 31 October 2013, the Cyprus Airways fleet consists of 6 aircraft with an average age of 11.3 years:[29][30]

Cyprus Airways Fleet
Aircraft In Service Passengers Notes
J Y Total
Airbus A320-200 6 12 150 162
Total 6
A Cyprus Airways Airbus A320 landing at London Heathrow Airport in August 2004.

All Cyprus Airways aircraft bear names of Cypriot landmarks and cities.[29]

Past Fleet[edit]

Over the years, Cyprus Airways has operated the following aircraft types:

Cyprus Airways Historical Fleet
Aircraft Introduced Retired
Airbus A310-200 1984 2003
Airbus A319-100 2002 2013
Airbus A320-200 1989 used today
Airbus A321-200 2012 2013
Airbus A330-200 2002 2012
Airspeed Oxford[5] 1953 1955
Airspeed Ambassador ? ?
Auster Alpine[31] ? ?
BAC One-Eleven 500 1974 1995
Boeing 707-123B 1979 1989
Boeing 720 1976 1979
Bristol Britannia ? ?
Canadair CL44 D4-1 Freighter ? ?
De Havilland Comet ? ?
Douglas DC-3 Dakota 1947 1957
Douglas DC-6B Freighter ? ?
Douglas DC-8-51 1979 1979
Douglas DC-8-52 1976 1978
McDonnell Douglas DC-9-15 1975 1976
Hawker Siddeley Trident 1E 1972 1974
Hawker Siddeley Trident 2E 1969 1974
Vickers Viscount 806 ? ?

Livery[edit]

A Cyprus Airways Airbus A330 landing at Larnaca International Airport, Cyprus (2006)

The airline's livery is an all white fuselage with the words 'CYPRUS AIRWAYS' in blue over the front passenger windows. The vertical stabilizer is blue with a number of yellow lines depicting a galloping Cypriot mouflon, a type of wild sheep only found in Cyprus. This logo is also painted on the engines of the aircraft. The galloping mouflon logo was introduced with the introduction of the Hawker Siddeley Trident 2E aircraft in 1969.

Services[edit]

Catering[edit]

Food and beverages served on flights from Cyprus are provided by Cyprus Airways Catering facilities in Larnaca. Meals are selected of an array of international and Cypriot foods.

In-flight entertainment[edit]

There are screens averaging for a number of passengers placed at even distances along the aircraft so everyone can have a clear view and the sound is provided through personal headsets given by the cabin crew. Screens have a moving-map system which provides real-time flight information such position and direction of the plane, altitude, airspeed, distance to destination, distance from origination and local time.

Business class[edit]

Business class is named after the ancient Greek god Apollo, who was a symbol of harmony, order, and reason. Apollo class has wide leather seats that recline by up to 45 inches (110 cm) of pitch and feature electrical recline and leg rest. Apollo-class passengers also have access to the Sunjet executive lounges at both Larnaca and Paphos airports.

Apollo class includes a personal entertainment system, built into the armrest of the high standard seats. Additionally, meals are served to business class passengers, with a selection of international and Cypriot cuisine on offer. Moreover, there is an array of drinks and selected wines on offer on all flights.

Economy class[edit]

Economy class is named after the ancient Greek goddess Aphrodite, who, according to Greek mythology, was born of the shores of paphos on the island of Cyprus and was a symbol of beauty, elegance, sex and love. Cyprus Airways' Aphrodite (economy) Class offers a seat pitch of 30-31 inches.

Depending on the destination and time of the flight, a hot breakfast, lunch or cold snack is served. The tray includes a seasonal salad and dessert, as well as crackers and halloumi cheese. A selection of complimentary drinks, including coffee or tea and soft drinks, will also be offered.

A Cyprus Airways Airbus A330 landing at London Heathrow Airport (2007)

SunMiles[edit]

SunMiles is the frequent flyer programme of Cyprus Airways. There are four tiers of membership: Student, Regular, Premier, and Elite. Points are organisely credited per each one-way flight on Cyprus airways. Economy class passenger gains 1 point per kilometre, and Business class passenger gains 1,5 points per kiliometre.

Awards[edit]

Cyprus Airways has been awarded the ‘Commitment to Excellence in Europe’ award by the European Foundation of Quality Management (EFQM) in 2007.

Cyprus Airways was also awarded the 'IATA Best In-flight Programming for a European airline' award.

Incidents[edit]

In 1961 21 December De Havilland Comet 4 jointly operated by BEA and Cyprus Airways crashed in Ankara at take off following instrument failure. The aircraft was owned and operated by British European Airways (BEA) although cabin staff were Cyprus Airways employees.

In 1967, Cyprus Airways Flight 284 broke up in midair on a flight between Athens and Nicosia most likely as a result of the detonation of an explosive device, with the loss of 66 lives. Similarly to the 1961 accident, the De Havilland Comet 4B aircraft was owned and operated by British European Airways (BEA) although cabin staff were Cyprus Airways employees.

References[edit]

  1. ^ "Cyprus Airways Public Ltd Board of Directors". Retrieved 14 March 2014. 
  2. ^ "14 Μαρτίου 2014 - ΔΙΟΡΙΣΜΟΣ κ.ΑΑΡΟΝ ΚΑΡΑΟΓΛΑΝΙΑΝ ΣΤΗΝ ΘΕΣΗ ΤΟΥ ΠΡΩΤΟΥ ΕΚΤΕΛΕΣΤΙΚΟΥ ΚΑΙ ΥΠΟΛΟΓΟΥ ΔΙΕΥΘΥΝΤΗ ΤΗΣ ΕΤΑΙΡΕΙΑΣ". 14 March 2014. Retrieved 14 March 2014. 
  3. ^ "Addresses." Cyprus Airways. Retrieved on 6 November 2009. "Addresses Cyprus Airways Public Limited 21 Alkeou street, P.O. Box 21903 CY - 1513 Engomi, Nicosia, Cyprus"
  4. ^ Stroud, John, Annals of British and Commonwealth Air Transport, 1962, Putnam, page 452
  5. ^ a b Air Pictorial June 1970
  6. ^ Air Pictorial July 1977
  7. ^ Duxford Aviation Society website: http://www.das.org.uk/trident.htm
  8. ^ http://cyprusair.com/data/files/financial_information/CYfinfeb11en.doc
  9. ^ http://cyprusair.com/893,1,0,4445,1437,2-default.aspx
  10. ^ http://cyprusair.com/data/files/Interim2011En-results.doc
  11. ^ "Cyprus Airways Goes on Sale | Greek Reporter". 9 February 2012. Retrieved 2012-02-10. 
  12. ^ "Triple Five | Sigma Live". 8 May 2012. Retrieved 2012-05-08. 
  13. ^ "CSE: Suspension of trading of CAIR | Cyprus Stock Exchange". 23 July 2012. Retrieved 2012-07-23. 
  14. ^ http://cyprusair.com/data/Announcements/Indication%20of%20Results%20for%20the%20year%20ended%2031%2012%2012%20Eng%20-%204%203%2013.doc Indication of results Cyprus Airways Public Ltd. for the year ended 31 December 2012
  15. ^ http://europa.eu/rapid/press-release_IP-13-190_en.htm Commission opens in-depth inquiry into a €31.3 million capital increase and a rescue aid package for Cyprus Airways
  16. ^ http://cyprusair.com/872,1,0,6733,1838,2-default.aspx Sale of Heathrow Airport evening time slot
  17. ^ http://www.flightglobal.com/news/articles/cyprus-airways-sells-heathrow-slot-to-mea-397031/ Cyprus Airways sells Heathrow slot to MEA
  18. ^ "Shareholder Capital Structure". Retrieved 14 July 2014. 
  19. ^ a b c "Cyprus Airways: an airline in need of the turnaround of all turnarounds". CAPA. Retrieved 14 July 2014. 
  20. ^ "Annual Report 2005". Cyprus Airways. Retrieved 15 July 2014. 
  21. ^ "Annual Report 2006". Cyprus Airways. Retrieved 14 July 2014. 
  22. ^ "Consolidated Financial Statements 2006". Cyprus Airways. Retrieved 14 July 2014. 
  23. ^ "Annual Report 2007". Cyprus Airways. Retrieved 14 July 2014. 
  24. ^ "Annual Report 2008". Cyprus Airways. Retrieved 14 July 2014. 
  25. ^ "Annual Report 2009". Cyprus Airways. Retrieved 14 July 2014. 
  26. ^ "Annual Report 2010". Cyprus Airways. Retrieved 14 July 2014. 
  27. ^ "Annual Report 2011". Cyprus Airways. Retrieved 14 July 2014. 
  28. ^ "Our Partners". Retrieved 2 November 2013. 
  29. ^ a b "Cyprus Airways Fleet Details and History". Retrieved 2 November 2013. 
  30. ^ Cyprus Airways Fleet (Official)
  31. ^ http://www.flightglobal.com

External links[edit]