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EU green lights Cyprus scheme to boost air connectivity
July 3, 2020
The European Commission has approved a €6.3 m incentives scheme to boost Cyprus’ air connectivity in the wake of the coronavirus pandemic.
The decision was quickly welcomed by Transport Minister Yiannis Karousos who said that about 1.1 million passengers and some 60 airlines are expected to benefit from the scheme through to the end of the year. Subsidies will be paid out depending on their load factor. There is a maximum of €800,000 payment per airline.