Facebook Linked In Twitter
Invest Cyprus 30/04-30/03/2019

Prodromou: Cyprus Satisfied with UNSG's Report on his Good Offices Mission

Angelides: Cyprus and Egypt Willing to Upgrade their Defence Cooperation



brought to you by Barclays

Cyprus Carrier TUS Receives Air Transport Licence

Cyprus Carrier TUS Receives Air Transport Licence

A new local carrier is set to launch after receiving a commercial air transport licence from the government.

TUS Airways, based at Larnaca airport, has been in development for the last nine months and is backed by investors from Europe and the United States.

According to the Cyprus Mail, the airline will begin short-hop routes to destinations including Greece and Israel “between the middle and end of January”.

 “We are ready to take off for charter flights and at the beginning of January our scheduled flights will be announced. Our twins SAAB 340B are ready to reach the skies,” the airline announced.

Michael Amprikidis, Head of Operations Support and deputy manager of TUS told the Cyprus Mail that the company wants to run a no-fuss quick check-in, e-ticketing and no lengthy queues.

“Now we are looking at traffic rights and planning a full schedule, we also want to hire more staff and operate our second aircraft,” he said.

The company hopes to pull in business and leisure travellers looking for frequent departures to regional destinations including Beirut, Tel Aviv, Haifa, Rhodes, Kos, Eilat, Samos and Karpathos, the Cyprus Mail reports.

TUS plans to serve 12 destinations in winter and 16 during the summer months. “We are currently discussing traffic rights with Israel, in particular Tel Aviv,” Amprikidis added.

In early October TUS – an acronym for ‘The Ultimate Schedule’ – was granted an air operator certificate from the department of civil aviation, with the commercial air transport licence being the last hurdle in a long process of securing a permit.

The short-haul carrier will operate twin-engined SAAB 340 turboprops, which can hold 34 passengers and operate medium-range journeys.

Prices for a one-way ticket will range from €69 to €169, depending on destination and their website is expected to be fully functioning for ticket sales by the start of 2016.

The company hopes for rapid expansion over the next year, with plans to operate eight aircrafts by December 2016.



Alpha Spend & Win: Big prizes for Purchases with Mastercard of Alpha Bank Cyprus

With Alpha Spend & Win Promo, Alpha Bank Cyprus Ltd gives the opportunity to the ...

Natasa Pilides: We will Continue to Take Cyprus Shipping Forward

On March 1, 2018 Natasa Pilides was appointed as Cyprus’ first dedicated Shipping ...

Cyprus Shipping Chamber Launches Official Twitter Account

The Cyprus Shipping Chamber, as the official representative of the Cyprus Shipping ...



Current Developments in the Funds Industry

All around the world, the funds industry is constantly growing and is currently one of the hubs the local industry is promoting. Regulatory developments in the ...

Annual inflation Up to 2.1% in the Euro Area

The Euro area annual inflation rate was 2.1% in September 2018, up from 2.0% in August. A year earlier, the rate was 1.5%. European Union annual inflation was ...

Audi Fined £700m Over Diesel Emissions Scandal

Audi has been fined €800m (£700m) to settle an investigation by German prosecutors into breaches of diesel emissions rules. The premium car ...

Netflix Hits New Subscriber Record

Netflix added seven million new customers in the three months to September, bringing its global total to more than 137 million. The stronger than expected ...

Arrivals and Departures of Travellers Increase in August

Arrivals of travellers in August 2018 reached 733.078 compared to 702.535 in August 2017, recording an increase of 4.3%, the Statistical Service of Cyprus ...

Angelides: Cyprus and Egypt Willing to Upgrade their Defence Cooperation

Defence Ministers of Cyprus and Egypt, Savvas Angelides and Mohamed Zak, have expressed the two countries` will to upgrade their defence cooperation, that is ...

Prodromou: Cyprus Satisfied with UNSG's Report on his Good Offices Mission

The Republic of Cyprus has expressed its satisfaction with the UN Secretary General`s report on his good offices mission, that was released on Monday 16 ...

Building a United Front on Financial Crimes

Financial institutions are concerned about cybercrimes, but don’t know how best to prevent them. In PwC’s 2018 Global State of Information Security ...