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Cyprus Government Champions Aviation Modernisation With Bird Aviation’s €2.5 Million Investment

The Cypriot government is making bold strides to modernise its investment environment, with a key focus on the aviation sector. Finance Minister Makis Keravnos recently underscored this commitment during the inauguration of a state-of-the-art hangar at Larnaca’s historic airport.

Strategic Framework for Economic Progress

At the ceremony, Minister Keravnos highlighted the crucial interplay between public policy and private enterprise. The minister stressed that sustainable economic growth is achieved when the state provides a robust framework, enabling market forces, investments, and innovations to flourish. This approach is central to the government’s broader vision of transforming the investment landscape in Cyprus.

Bird Aviation: A Pillar of Aviation Excellence

Bird Aviation, a leading Cypriot company with over 250 employees, has built a solid reputation over the last decade in aircraft repair and maintenance. The newly inaugurated hangar, which represents an investment of more than €2.5 million, is a testament to the company’s commitment to modernising its operations at the classic Cyprus Airways base. This investment not only ensures high-quality maintenance services but also reinforces the company’s role in servicing some of Europe’s premier airlines. For further details, visit Bird Aviation.

Aviation Hub at a Global Crossroad

Bird Aviation CEO Frederic Pralus articulated a forward-looking vision, noting that Cyprus’s strategic geographical position—bridging Europe, the Middle East, and Africa—places it at the heart of a dynamic aviation hub. Operating more than 7,000 working hours weekly, the company is poised for continued growth and innovation, affirming that “the best is yet to come.”

Cyprus Economy Grows 3.3% In Second Quarter Of 2026, Driven By Trade, Finance And Construction

The Cypriot economy expanded by 3.3% in the second quarter of 2026 compared with the same period in 2025, according to the Statistical Service of Cyprus.

Growth Measured In Real Terms

The increase in gross domestic product was recorded in real terms and based on seasonally adjusted data, offering a clearer view of underlying economic momentum.

Which Sectors Led The Expansion

According to the production approach used to calculate GDP, the growth was mainly supported by four sectors: wholesale and retail trade and the repair of motor vehicles, information and communications, financial and insurance activities, and construction.

The figures suggest that Cyprus continues to benefit from a broad-based economic mix, with domestic demand and business activity helping sustain output across several key industries.

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