Bird Aviation Boosts MRO Capabilities With New Investment at Larnaca Airport

by THEFUTURE.TEAM

September 3, 2025

Strategic Expansion in the Eastern Mediterranean

Bird Aviation has announced a significant new investment at the historic Larnaca Airport, marking the construction of a third hangar dedicated to aircraft maintenance and repair. Scheduled for completion by November 2025, this facility will enable the company to conduct simultaneous narrow-body aircraft operations across four aircraft at a time.

Meeting Growing Market Demand

This expansion is a pivotal element of Bird Aviation’s strategic growth plan, designed to cater to the burgeoning demand from both airlines and aircraft leasing companies. By introducing a third hangar, Bird Aviation further strengthens its operational capacity while simultaneously enhancing Cyprus’s role within the aviation and MRO (Maintenance, Repair & Overhaul) industry.

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CEO Insight and Vision

Frederic Pralus, CEO of Bird Aviation, noted, “This project reflects our clients’ trust and the dynamic spirit we’ve cultivated as a team. The new facility will empower us to deliver even more comprehensive services as we plan our continued expansion.”

Continued Growth and Industry Leadership

This investment follows the completion of the company’s second hangar at the close of 2024, reinforcing Bird Aviation’s steady ascent as a leading MRO service provider in both the Eastern Mediterranean and the broader region.

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Cyprus Fuel Prices Expected To Rise As Oil Prices Increase

by THEFUTURE.TEAM

March 10, 2026

International Oil Market Dynamics

Fuel prices in Cyprus are expected to rise gradually in the coming weeks as international crude oil prices continue to increase. Recent reports show that heavy crude prices moved from about $93 per barrel to a peak of $117 before settling near $107, reflecting continued volatility in global energy markets.

Projected Retail Impact And Stage-Wise Price Adjustments

Sabbas Prokopiou, president of the Pan-Cypriot Fuel Stations Owners Association, said these international price movements are expected to gradually affect retail fuel prices in Cyprus. A recent increase of around two cents per litre has already been recorded. Additional price adjustments may follow in the coming weeks as international fuel costs pass through the supply chain and reach the retail market.

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Geopolitical Tensions And Market Reactions

Geopolitical developments have also contributed to recent price movements. Concerns about potential regional conflict initially pushed crude prices higher. In a single trading session, prices reportedly rose by about $10 per barrel. More recently, attacks targeting oil storage facilities have added further pressure to international crude markets.

Strategic Outlook And Industry Insights

Prokopiou said further increases in fuel prices remain possible depending on developments in international oil markets. However, he noted that estimating the scale of retail price adjustments remains difficult during periods of geopolitical uncertainty. Similar market patterns were observed in 2022 following the start of the Russia-Ukraine war, when international crude prices rose sharply.

Market participants, including fuel importers and the Consumer Protection Service of the Ministry of Energy, Commerce and Industry, continue to monitor developments in international energy markets.

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