MEA seeking stake in Cyprus Airways
Middle East Airlines is showing keen interest in acquiring a stake in the troubled Cyprus Airways, an industry source confirmed to The Daily Star Friday.“MEA is interested in buying a stake of Cyprus Airways. Both sides have agreed that the details should be kept classified until further notice,” the source, who spoke on condition of anonymity, said.
The source declined to give any further information about the ongoing talks between MEA and Cyprus Airway.
“MEA is tight lipped about the talks. They will only disclose the details if goes through,” the source said.
Source: The Daily Star
It is very surprising for me to see our Lebanese Airlines company being able to afford buying stakes in another airline company facing troubles. I’m happy for that and hope it would be a transparent deal that would also give the Lebanese economy a positive push.
On the other hand I wish the exclusivity deal between MEA and the Beirut Airport would end by this year and won’t be renewed in a way to let new investor tackle the market and increase competition which will reduce the inflated prices of MEA J
Good Luck MEA