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[Cyprus Times] Carousos: Ryanair and Wizz Air bases boosted by incentive plans

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The Government has helped create the right environment for attracting airlines, says the Minister. Transport "Incentive plans have already yielded the first results."

Creating a suitable environment for attracting airlines and improving air connectivity as a result of the government's intensive efforts in various directions, in order to achieve increased connectivity and shielding of aviation, Minister of Transport, Communications and Works Yiannis Karousos underlined on Tuesday during his speech at the 44th Cyprus Hotel Owners' Fair.

According to a statement by the Ministry, Mr. Karousos pointed out that the incentive plans have already brought the first results after yesterday's announcements to reinforce the bases of Ryanair and Wizz Air with state-of-the-art aircraft, adding that the liberalisation of the market concerning ground handling services provided at airports has resulted in cost reductions of between 40% and 50%, making airports more competitive.

Mr. Karousos also said that the government's goal, through the new incentive plans 2023-2027, is to further improve the country's air connectivity by developing new routes, maintaining and deepening existing ones, extending the tourist season, and recovering aviation from the effects of the pandemic, the war in Ukraine and the challenges facing aviation in today's competitive and changing environment.

According to the Minister, the implementation of the new incentive plan CNA


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