Eurocypria
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| Founded | 25 March 1992 | ||||||
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| Commenced operations | 12 June 1992 | ||||||
| Ceased operations | 4 November 2010 | ||||||
| Operating bases |
Larnaca International Airport Paphos International Airport |
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| Fleet size | 6 | ||||||
| Destinations | 72 (11 scheduled) | ||||||
| Headquarters | Larnaca, Cyprus | ||||||
| Website | www.eurocypria.com | ||||||
Eurocypria Airlines Limited was a charter airline with its head office in the Artemis Building in Larnaca, Cyprus, owned by the government of Cyprus, operating mostly chartered flights. Its main base was Larnaca International Airport, with a secondary base at Paphos International Airport. On 4 November 2010 it was announced that the airline will file for bankruptcy and will cease all flights by 13 November. Finally, all flights were suspended by decision of the Board of Directors on 4 November 2010.
Eurocypria was established on 25 March 1992 as a wholly owned subsidiary of Cyprus Airways, as the first Cyprus based charter airline. Operations began on 12 June 1992 with two new Airbus A320 aircraft. Two more were added later. Since 2001, the airline has operated scheduled services from Cyprus, and charter flights.
In 2003 Eurocypria replaced its Airbus fleet with four new Boeing 737-800 aircraft. Three of its former Airbus A320s were transferred and operated by Cyprus Airways. Two additional units of the same type and configuration were added in 2006.
On 28 June 2006, Cyprus Airways sold the share capital of Eurocypria to the Government of Cyprus for CY£13,425,000. The charter arm was sold mostly due to the poor financial situation at Cyprus Airways and because it was one of the few ventures of Cyprus Airways Group to make a profit.
The airline has a long history of operating flights on behalf of Egyptian carrier AMC Airlines between Egypt and Europe.
It was announced on 19 February 2010 that the Cyprus Government would inject €35m into Eurocypria's capitalization, to enable the airline to pay off €28m of owed debt and invest in the airline's future. Cyprus Airways stated Eurocypria should shut down as "a small island cannot withstand two state-owned airlines and if they're not shut down, we might both go bust", but the government declined this prospect and the House of Representatives went ahead with the bailout.
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