Cyprus Airways has sold its moufflon logo and airline branding for €1.2 to the government.

In an announcement to the Cyprus Stock Exchange, CY said the deal was signed on Thursday.

“Cyprus Airways informs investors that on December 4, it signed an agreement for the sale of its logos, trademarks and brand rights to the government of the Republic of Cyprus for the amount of €1.2 million,” the announcement said.

“In accordance with the sale agreement, the consideration may increase upon the completion of a new evaluation.”

Cyprus Mail