CY Heathrow slot sale to Qatar flops after leak | Cyprus Mail:
"CYPRUS Airways was dealt an unexpected blow yesterday, when the deal to sell one of their timeslots in Heathrow Airport to Qatar Airways fell through.
The Gulf airline reportedly turned to a better offer from another cash-strapped aviation company, after details of the 20m euro deal with Cyprus Airways were leaked to the local media last week.
Nyras, an aviation solution company that was brokering the deal between the two carriers, sent a letter to the Cyprus Airways board, scolding them for not keeping the details of the agreement under wraps. Nyras noted that Qatar Airways probably had a better deal by a company that sold its timeslot cheaper.
The aviation consultant also said that the Qatari executives were put off by the leak, citing a clause in the contract specifically asking for confidentiality by all interested members."
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