27th Aug 2014 13:18
LONDON (Alliance News) - Ryanair Holdings PLC will bid for the Cypriot national airline Cyprus Airways, the chief marketing officer for Europe's largest low-cost carrier, Kenny Jacobs, told BBC Radio Wednesday.
Jacobs said Ryanair will submit a proposal to acquire the state-controlled airline before Friday's bid deadline, and the company had a positive meeting with the airline and the Cypriot government last week.
The BBC reported that the Cypriot authorities say they expect to get about 15 different proposals, and a new owner should be announced by the beginning of October.
http://www.bbc.co.uk/news/business-28949826
By Steve McGrath; [email protected]; @stevemcgrath1
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