“Any efforts in this direction must take place as soon as possible as the commercial value of the airline’s name and logo will depreciate with the passing of time.”
Legal and financial advisers are to oversee the sale to private investors of the name and the logo – a mouflon mountain sheep which Cyprus says is native to the island.
A precondition of the sale is that the new airline would be based in Cyprus, although there has been no immediate interest from investors.
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