S7 share of the new carrier of Cyprus, Charlie Airlines, will be about 40%

S7 Group share in the new Cypriot airline will be around 40%, the carrier will fly to Europe and will be called Charlie Airlines, the co-owner of S7 Vladislav Filev said to reporters in Moscow. "In England, Cypriots are called Charlie, so the airline will be called Charlie Airlines", Vladislav Filev said. S7's partner in the newly created company will be "Cypriot side". "With the Russian partners, we can not do it in EASA zone,» Vladislav Filev added. The company will start operating at the end of the year. Its park in the first phase will have two aircrafts. "Two A319 aircrafts, not new. I think these will be two planes of Siberia. Siberia will receive two Airbus A321 and will give two A319,» Vladislav Filev said, answering journalists' questions. "In fact, it will be regular summer operation," he said. "We were planning to do this in spring, but underestimated the complexity of the organization because of the rigor of the approach of European aviation authorities.» "For us it is very important to work with the air operator certificate in EASA zone which will give us new knowledge, new experience and new approaches to safety management organization. It's not the business, it is more like a school," - Vladislav Filev said. Earlier it was reported that the shareholders of S7 (a group bringing together airline "Siberia" and "Globus") are preparing to purchase a Cyprus airline, and are looking at one of the Bulgarian airlines. It was also reported that in December of last year, the aeronautical authorities of Russia and Cyprus have agreed on the abolition of restrictions on the number of designated carriers on all the agreed services between the two countries. Cypriot aviation authorities explained their decision, including the fact that the island has actually lost national airline: In January 2015, Cyprus Airways who had the status of national airline, stopped flights because of financial difficulties.