Page "Cyprus Airways" Paragraph 21

Cyprus added many new cooperation agreements with other airlines as it developed its international reach by linking Europe and the Middle East.

Its partners included KLM and Saudia.

By the mid-1990s, more than one million passengers were flying Cyprus Airways every year ; another 4, 000 chose the charter operation Eurocypria.

The airline's market share approached 40 percent.

After a rough couple of years, the company posted a CYP 13 million profit in 1994 thanks to cost-cutting and marketing efforts.