Qatar Airways (QR, Doha Hamad International) has withdrawn from a EUR20million (USD26.3million) deal with Cyprus Airways (1947) (Larnaca) to acquire one of the latter's two London Heathrow slots. According to the Cyprus Mail, the Gulf carrier withdrew after receiving a "better offer" from another undisclosed aviation firm following the leak of the agreement's details to the press at large. Nyras Aviation Consultants, which brokered the deal between the Cypriots and the Qataris, allegedly "scolded" the Cyprus Airways board for divulging the arrangement terms. QR executives are also said to been "put off" the sale citing a violation of the deal's confidentiality clause. Nyras also warned that the incident had damaged Cyprus Airways' reputation and would "probably" affect future negotiations.
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