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Extension to incentives for airlines

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Extension to incentives for airlines


A proposal of the Ministry of Transport, Communications and Works was approved today by the Council of Ministers, regarding the extension of the Incentive Plan for airlines to address the effects of the coronavirus pandemic on the connectivity of Cyprus and the development of aviation.

In statements after the meeting of the Council of Ministers, the Minister of Transport, Communications and Works, Mr. Giannis Karousos, explained that “this is a six-month extension of the existing temporary Incentive Plan, which is in line with the temporary framework for easing state aid. which has been approved by the European Commission and which expired at the end of the year. The European Commission has decided to extend the temporary Plan and the relaxations by six months, as well as to increase the ceiling and for this we have prepared and submitted to the Council of Ministers a relevant proposal to extend the existing Plan that we implement, so that it complies with the limits and the conditions set by the European Commission “.

“The interim Incentive Plan has been judged to be very effective and has worked successfully, as statistics show that in 2021 we have managed to have flights to 158 destinations, while in 2019 we had flights to 150 destinations. “In 2021 we have 62 airlines operating in Cyprus, compared to 2019 when we had 70 airlines and we have flights to 40 countries and at the same time we have one of the lowest flight reductions in Europe,” said the Minister.

In addition, the Council of Ministers approved today a proposal by the Minister of Transport for the provision of financial assistance for the design and construction of an electric car at the First Technical and Vocational School of Education and Training of Nicosia. “This is an initiative of this School, which has an ongoing project, which will turn an antique car into an electric car and in the context of supporting electric propulsion, we have embraced this initiative and will support it with the appropriate sponsorship, which will reach the amount of 25,000 euros “, said in his statements Mr. Karousos.

Source: www.philenews.com

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