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ARI prepares to re-enter Cypriot marketARI prepares to re-enter Cypriot market
1-Feb-2005
CYPRUS. Aer Rianta International (ARI) has formed a joint venture with CTC, owned by the Cypriot conglomerate Shakolas Group, as it prepares to re-enter the travel-retail market in Cyprus
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Parent company Aer Rianta is part of the Hermes consortium, which is close to signing a management contract to run Larnaca and Paphos airports. If Hermes is successful in its
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(28-Jan-2005) - CYPRUS. Aer Rianta International (ARI) has formed a joint venture with CTC, owned by the Cypriot conglomerate Shakolas Group, as it prepares to re-enter the travel-retail market in Cyprus
(11-Jul-2005) - The Hermes consortium has reached agreement with the Cypriot government on build-operate-transfer deals for Larnaca and Paphos airports, with Aer Rianta International-Middle East set to take over retail once the financials are settled
(15-Jul-2005) - CYPRUS. On July 8 the Cypriot government and the Hermes consortium completed the first phase of negotiations for the 25-year build-operate-transfer contracts for Larnaca and Paphos airports
(22-May-2006) - Cypriot reports suggest that Aer Rianta International-Middle East's involvement at Larnaca and Paphos airports could be jeopardised amid calls to re-tender the airport management contract
(23-May-2006) - Despite rumours in the Cypriot press, the retailer has said it is on schedule to take over the commercial operation at Larnaca and Paphos airports on July 1