Cyprus Airways leases two aircraft

Cyprus Airways Public Ltd (CAIR) announced that it has signed a Letter of Intent with an Irish company for the leasing of two A320 aircrafts for a six-month period with an option of renewal (on behalf of CAIR), for one or both lease contracts, under the same terms and for an additional 1-year or 2-year period. The Letter of Intent is subject to the approval of the Company’s Board.