Hermes Airports calls for a complete of €250 million from the state in order to cowl its losses from the pandemic, in response to Transport Minister Yiannis Karousos.

Hermes Airports manages and controls Larnaka Worldwide Airport and Pafos Worldwide Airport beneath a 25 yr BOT (Construct-Function-Switch) concession settlement with the Cyprus Republic.

Furthermore, Hermes is claiming one other €15 million since – via its personal mistake – it paid the federal government greater than it was imagined to, Philenews additionally reported on Friday.

And because the two events don’t agree on who owes what the difficulty must go to arbitration, the Minister additionally informed the Home Communications Committee on Thursday.

Nonetheless, the Ministry of Finance has requested the Parliament to launch €191,238 for the availability of consulting companies so as to assess the worth of a doable extension of the contract. In addition to to evaluate the pandemic claims by Hermes.