State airspace com­pany by end-2016

Financial Mirror (Cyprus) - - FRONT PAGE -

Trans­port Min­is­ter Mar­ios Deme­tri­ades said that a state-owned airspace ser­vices com­pany, to re­place the Civil Avi­a­tion Au­thor­ity, should be ready by the end of the year.

Thank­ing the Law Ser­vices for promptly pre­par­ing the rel­e­vant leg­is­la­tion, the Min­is­ter said the aim is to bring the bill be­fore the House by the end of the month and he hoped that it will come into ef­fect this year.

Asked if the com­pany will be fi­nanced by the state’s bud­get, the Min­is­ter of Trans­port said at present the ser­vices that mon­i­tor the na­tional airspace of Cyprus are fi­nanced by those us­ing the na­tional airspace, ei­ther for lo­cal flights or over­flight traf­fic.

Any ad­di­tional cost re­lated to the new com­pany will be bur­dened on the user air­lines, he added.

The re­form fol­lows a re­cent an­nounce­ment that three com­pa­nies had filed an ap­pli­ca­tion to ob­tain an Air Op­er­a­tor Cer­tifi­cate (AOC).

Trans­port Min­istry Per­ma­nent Sec­re­tary Ale­cos Michaelides said last month that the three air­lines come as a Cypriot owned com­pany, Tus Air­lines, re­ceived the nec­es­sary li­cence and is to be­gin its sched­ule in mid-Fe­bru­ary.

Cyprus-based Cobalt Air­lines is also ex­pected to be op­er­a­tional soon with its first com­mer­cial flight sched­uled for April.

“The DCA is ex­am­in­ing three ap­pli­ca­tions sub­mit­ted by three Cypriot com­pa­nies to ob­tain an AOC,” Michaelides had said, with­out re­veal­ing the com­pa­nies.

He ex­plained that af­ter re­ceiv­ing the AOC, th­ese firms will ap­ply to the Min­istry’s Avi­a­tion Li­cens­ing Au­thor­ity, chaired by Miche­lides to ob­tain a Com­mer­cial Avi­a­tion Li­cence. Miche­lides said the Min­istry is in con­sul­ta­tion with for­eign avi­a­tion com­pa­nies that wish to be­gin sched­uled flights to and from Cyprus.

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