Cyprus Airways joint venture with Swissport

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Reuters reports that Cyprus Airways has created a joint venture with Swissport GAP Vassilopoulos to offer ground-handling services.

According to the report, the two companies have submitted a bid to airport operator Hermes Airports for a ground-handling licence at Larnaca and Paphos airports. The joint-venture deal was signed on Jan. 4, the airline said in a statement.

Staff at Cyprus Airways had threatened strike action in December over the venture, which they said would affect their employment benefits.

Cyprus Airways management have said a ground-handling contract would help boost revenues of the airline, which has made losses in recent years.

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