New incentive schemes announced for Larnaca and Pafos airports

New incentive schemes announced for Larnaca and Pafos airports

New incentive schemes for both Larnaca and Pafos international airports were announced on Wednesday by the Communications and Works Ministry and Hermes Airports, operator of the Cypriot airports.

“The six incentive schemes aim at further strengthening the air connectivity of Cyprus and boosting the country`s tourism industry,” a press release said, adding that they are offered to all the airlines “on a transparent and a non-discriminatory basis”.

The incentives include schemes for introduction of multiple new routes on a three year agreement, development of new (single) routes, development of winter traffic, discounts on landing fees at Cyprus` airports, development through a Growth Bonus Plan on a net traffic growth for existing routes and marketing support for promoting Cyprus to airlines wishing to proceed with further development of the offered services on the island and furthermore providing an increase in passenger traffic, it said.

The implementation of the new incentive schemes at the international airports of Cyprus is expected to create the necessary conditions and prerequisites for the increase of tourist traffic from existing markets, development of new markets, allocation of additional capacity on flights to and from Cyprus, strengthening of winter tourism and maintaining a high and efficient level of connectivity between Cyprus and the rest of the world, the press release noted.

More information and details about the six incentive schemes of the international airports of Cyprus will be available on 12 March 2015, on Cyprus airports’ website