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Private Greek carriers plan flights to Cyprus
Monday, August 23, 1999
Four private Greek airlines promise cheaper fares from Greece to Cyprus in return for traffic rights. The carriers have applied to the Cypriot transport ministry for either regular or charter flight rights, or both.
The ministry said the monopoly that Cyprus Airways and Olympic<.> Airways have on flights between Cyprus and Greece will end this year, but before any final decisions take place it will have to confer with its Greek counterpart. Meetings are expected to take place between the two ministries sometime in September.
The four carriers - Aegean, Cronus, Air Greece and Axon - have applied for rights to flights from Athens, Thessaloniki and Heraklion (Crete).
At present, high fares from Greece to Cyprus make the island one of the most expensive destinations in the world per mile for Greek travelers.
Vicky Karantzavelou - Monday, August 23, 1999
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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