Creditors of the now defunct Cyprus Airways are expected to convene in a general assembly meeting next Wednesday, as part of the carrier’s final stages of winding down.
Liquidators are expected to present creditors with a settlement plan which if approved would distribute €11m. This will be divided with €6.7m going to the carrier’s former employees and €4.3m to the state.
According to Phileleftheros, if the plan is not approved, the sum is set to drop to €8m to cover legal ….. Read More On: Cyprus Mail
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