MEA eyeing Cyprus Airlines assets
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MEA eyeing Cyprus Airlines assets

MEA eyeing Cyprus Airlines assets

Lebanon's Middle East Airlines (MEA) is in talks with Cyprus Airways to acquire the company's assets, with the results of these negotiations to become clear by the end of May, The Daily Star has reported, citing an MEA source. "The details of these talks are highly confidential because both parties signed an agreement not to disclose any details about the progress of these negotiations," the source told the daily. This is not the first time MEA has held talks with Cyprus Airways, but industry experts say the deep economic crisis in the island country has compelled the Cypriot airline to restart the negotiations. The Cypriot government controls 93.67% of Cyrus Airways.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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