09:54
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Qatar Airways has withdrawn from a EUR20 million (USD26.3million) deal with Cyprus Airways to acquire one of the latter's two Heathrow slots. According to the Cyprus Mail, the Gulf carrier withdrew after
receiving a "better offer" from another undisclosed aviation firm
following the leak of the agreement's details to the press at large.
Nyras Aviation Consultants, which brokered the deal between the Cypriots
and the Qataris, allegedly "scolded" the Cyprus Airways board for
divulging the arrangement terms. QR executives are also said to been
"put off" the sale citing a violation of the deal's confidentiality
clause. Nyras also warned that the incident had damaged Cyprus Airways'
reputation and would "probably" affect future negotiations
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