• Charting a New Course: Cyprus Airways' Board Leadership Update

3 October 2023 – Larnaca, Cyprus. Cyprus Airways, the Flag-carrier and leading airline of Cyprus, is pleased to announce two significant additions to its leadership team. Mr. Tasos Michael has been appointed as the new Chairman of the Board of Directors, while Mr. George Hadjiyiannis joins as a new member of the Board.

A lawyer by profession, Mr Michael brings with him a wealth of industry experience in asset finance, acquisition and leasing. Throughout his career he has advised shipping groups, airlines, banks, funds and investors around the world on the subject, liaising with leading companies such as McKinsey, Onex Capital Partners, various private and flag carriers and aircraft manufacturers including Airbus and Boeing.

Commenting on his appointment, Mr Michael said, “I am very proud to assume the Chairmanship of Cyprus Airways. I am confident that together with my Board of Directors, the airline’s management, and staff, we can continue to steer this airline to even greater success that will yield returns for our shareholders, as well as added value to our customers.”

Paul Sies, Chief Executive of the Airline added, “Tasos brings with him decades of experience in large scale expansion aviation projects after having spearheaded various startup airlines which are today industry leaders. Together with my management team I am excited to welcome him onboard as we pursue our vision of growth for Cyprus Airways.”

George Hadjiyiannis, a highly accomplished professional with a strong background in International Securities and Investment Banking, holds an MBA and MSC in real estate. He currently serves on the Board of Directors of Tsokkos Group, is the Director and President of the Board of Directors of the Betting Association of Cyprus, and is a member of the Board of Directors of CFI Limassol. In addition, he serves as a Partner and Director at CyCHartsGlobal Fiduciary Services and Consulting, bringing extensive leadership and consultation experience to the Cyprus Airways team.

The addition of Mr. Michael as Chairman and Mr. Hadjiyiannis as a new member of the Board marks an exciting chapter in Cyprus Airways' journey toward excellence and growth in the aviation industry.

Mr Sies added, “Cyprus Airways is now in a stronger position to pursue its strategic ambitions. Together with my management team, I am looking forward to working closely with our whole Board to continue growing the airline with new routes and frequencies and providing an even better product to our customers whilst supporting the Cypriot community and its tourism industry.”