Cyprus Airways is a Cypriot airline whose history dates back to the post-war period. The decision to establish this national carrier was made a the end of September of 1947. Year 2015 saw the inhibit of constant development and pursue of connections on new routes to Europe and to Asia. At that time, the Cypriot government reacted to serious financial problems of the carrier by donating EUR 65 million. After the intervention of the European Commission, which found a violation of the principle of aid and ordered the repayment of subsidies, the carrier declared bankruptcy. After a tender organised in mid-2016, Charlie Airlines acquired the right to use the assets of Cyprus Airways and signed an agreement with the Cyprus Ministry of Finance. Today, you can see aircrafts of the carrier marked with the international IATA code and the abbreviation CY flying over Cyprus. Cyprus Airways offer cheap flights to many European cities, including to Athens, Prague, Zurich and Bratislava. You can also hear about the line in the context of travel to the Middle East such as Tel Aviv or Beirut.