Last year we wrote of how Cyprus Airways withdrew from London Heathrow after selling its one pair of departure and arrival slots to American Airlines for $31 million.
The airline since moved its London – Larnaca route to London Stansted. The European Commission today ruled that financial support received by the airline was deemed to be state aid and had to be repaid.
Cyprus Air has confirmed that it has now ceased operations after nearly 70 years’ flying.
When airlines do go out of business, it is standard practice for other airlines to offer assistance to stranded passengers and those with future bookings. This usually takes the form of offering seats at special fares or for the price paid for the original ticket, known as “rescue fares”.
Ryanair Rescue Fares
Ryanair has confirmed it is offering rescue fares from €49.99 on the following routes: Athens – Paphos; Thessaloniki – Paphos; and London Stansted – Paphos.
British Airways Rescue Fares
British Airways flies to Larnaca from London Heathrow (Terminal 5) and Gatwick (North Terminal). BA is offering a special fare for travel up to the end of January 2015. This can only be booked via a BA call centre or at a BA ticket desk at Gatwick, Heathrow and Larnaca airports.
easyJet also flies to Larnaca from Gatwick. We should hear in the coming days if it is willing to offer assistance to stranded passengers.