Cyprus Airways ceases operations with immediate effect; rescue fares for stranded passengers

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 on website 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. Bookings can be made at the following link until next Friday 16 January.

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.

There’s more on ba.com The numbers of the BA call centre are 0844 493 0787 (UK) +800 92556 (Cyprus) and +44 203 564 5911 (elsewhere).

easyJet also flies to Larnaca from Gatwick. We should hear in the coming days if it is willing to offer assistance to stranded passengers.

Cyprus Airways withdraws from Heathrow; Larnaca moved to Stansted

London Air Travel » Cyprus Airways

Cyprus Airways is to withdraw from London Heathrow airport from 13 September 2014 after the airline sold its pair of departure and arrival slots to American Airlines for some $31 million.

Its daily service from London Heathrow to Larnaca (flight numbers CY346 and CY347, also codeshared with Virgin Atlantic) will be transferred to London Stansted from where it will operate from 14 September 2014.

This has been done as part of a financial restructuring of the airline. This also leaves British Airways as the only operator on the London Heathrow – Larnaca route, currently operated once daily.

It’s not yet been confirmed what route will be operated by the slot pair acquired by American Airlines. $31 million is a substantial sum for this slot pair bearing in mind it falls outside of the peak arrival time for long-haul flights, so its next move will be awaited with interest.