Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
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By Alex Lennane
Airlines are reportedly rushing to fill the vacuum left in Cyprus after the national carrier entered voluntary liquidation on Friday and ceased services.
Following a ruling by the European Commission – that €102m provided to Cyprus Airways by the government constituted illegal state aid and €66m must be repaid to taxpayers – the board of directors decided to close the 68-year old airline.
Rival carriers are now vying for the traffic rights. With a fleet of six A320s, Cyprus Airways operated routes ...
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