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Zela Jet And Fly Cycladic Forge Exclusive Partnership To Redefine Private Aviation In Greece

by THEFUTURE.TEAM

February 12, 2026

Introduction: A New Era In Private Travel

The private aviation sector in Greece is poised for a significant upgrade as Zela Jet, part of the respected Zela Aviation Group and led by Cypriot entrepreneur Andreas Christodoulides, partners with Fly Cycladic, one of the nation’s most dynamic charter airlines. This strategic alliance is designed to offer a seamless travel experience for high-net-worth individuals and business leaders alike.

Streamlined Access Across Greek Destinations

The collaboration specifically targets routes that were previously reliant on ferries, helicopters, or commercial flights with lengthy layovers. Under this agreement, Zela Jet will serve as the exclusive General Sales Agent (GSA) for Fly Cycladic in Cyprus, managing private flights from key Greek airports to popular destinations such as Athens, Mykonos, Santorini, Paros, Milos, Naxos, Astypalaia, Syros, and Crete. For discerning travelers, this partnership offers unmatched flexibility, comfort, and efficiency.

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Enhanced Service And Market Penetration

Christodoulides expressed strong confidence in the venture, highlighting Fly Cycladic’s reputation for upholding rigorous quality and safety standards. He emphasized that Zela Jet’s commitment is to promote and support these premium services in Cyprus with professionalism and consistency. This initiative is expected to unlock new opportunities for seasonal and year-round travel, ensuring a reliable, high-caliber experience for every passenger.

Innovative Fleet And Cutting-Edge Technology

Fly Cycladic, founded in 2022, focuses on inter-island connectivity and operates with a fleet of three state-of-the-art single-engine high-wing turboprop aircraft, the Cessna Grand Caravan 208B EX. These planes, notable for their large windows and natural light design, not only deliver stunning views of the Aegean Sea but also incorporate the latest technological advancements while adhering to international environmental standards. This modern fleet aligns perfectly with the shift towards more sustainable aviation.

A Vision For The Future Of Aviation

Representing Fly Cycladic, Andreas Sotiropoulos outlined the company’s ambition to provide a balanced combination of experience, safety, flexibility, and convenience. The partnership, effective February 1, 2026, is poised to meet the needs of both modern business travellers and those seeking an elevated travel experience. By bridging functional connectivity with premium service, Zela Jet and Fly Cycladic are setting a new benchmark in private aviation.

The Future Forbes Realty Global Properties

Bank Of Cyprus Approves 2025 Results With €3 Billion Lending And €481 Million Profit

by THEFUTURE.TEAM

March 31, 2026

Robust Growth And Strategic Initiatives

Bank of Cyprus said its board approved the annual financial report for the year ended December 31, 2025, including audited consolidated results for the group. The report covers Bank of Cyprus Holdings Public Limited Company, Bank of Cyprus Public Company Limited, and subsidiaries. The document is available through the bank’s investor relations platform.

Impressive Lending Volume And Financial Performance

New lending reached €3 billion, up 23% year on year. Gross performing loans increased to €10.9 billion, rising 8%. Retail deposits grew to €22.2 billion, also up 8%. Profit after tax totaled €481 million, including €128 million in the fourth quarter. Return on tangible equity stood at 18.6%, while basic earnings per share reached €1.10.

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Operational Efficiency And Resilience

Cost to income ratio was 37%, reflecting operating efficiency. Non-performing exposure ratio stood at 1.2%, while cost of risk was 33 basis points. Liquidity coverage ratio reached 321%, supported by surplus liquidity of €9.2 billion.

Enhanced Capital And Stress Test Performance

Common equity tier 1 ratio stood at 21.0%, while total capital ratio reached 25.9% as of December 31, 2025. Capital levels were supported by profitability despite distributions and business growth. The bank participated in the 2025 European Central Bank supervisory stress test and reported results above the average of participating institutions. Regulatory buffers are set to increase, with the countercyclical buffer rising from about 0.90% to 1.50% and the systemically important institution buffer from 1.9375% to 2.25% starting January 2026.

Shareholder Value And Dividend Policy

The bank targets a payout ratio between 50% and 70%. Total distribution for 2025 reached €305 million, equal to 70% of adjusted recurring profitability. This includes a cash dividend of €0.70 per share. An interim dividend of €0.20 per share was paid in October 2025. A final dividend of €0.50 per share is proposed for approval at the annual general meeting on May 15, 2026, compared with €0.48 per share in 2024. A share buyback programme resulted in the cancellation of more than 5.1 million shares at an average price of €5.83.

Strategic Acquisitions And Future Outlook

Recent developments include a minority investment in Wealthyhood and the acquisition of a performing loan portfolio and deposits from Cyprus Development Bank Public Company Limited. These transactions expand the bank’s portfolio alongside existing liquidity and capital levels.