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Last Updated: Monday, 30 October 2006, 16:57 GMT
Cypriot airline to stop flights
Helios Airways plane
The Helios plane flew on auto pilot for nearly two hours before crashing
A Cypriot airline, one of whose planes crashed last year killing all 121 passengers on board, is to stop flying.

Ajet Aviation - formerly known as Helios Airways - said it would cease all flights within three months.

An investigation into the fatal crash in August 2005 blamed a combination of pilot error and mistakes on the ground for the accident.

Launched in 2001, Ajet flies from Cyprus to London and Birmingham in the UK, and other European destinations.

Commercial reality

The company said it was stopping flights for "financial reasons", adding that the move was a direct consequence of last year's tragedy.

Ajet said it could not confirm when flights would end but said it would ensure that anyone with bookings on flights cancelled in the coming weeks would be found alternative transport.

Industry experts said the adverse publicity stemming from last year's crash had hit business and made it commercially impossible for the firm to continue operating flights.

The company, a subsidiary of the Libra Holidays Group, will continue to operate in other areas such as the package holiday market.

Libra will seek to redeploy the firm's 200 staff in other areas although some job losses are likely.

The company, Cyprus' first private carrier, flew three Boeing 737-800s. It took delivery of a new aircraft in May.

Human error caused Helios crash
10 Oct 06 |  Europe
Crash victims 'alive on impact'
16 Aug 05 |  Europe
Q&A: Greek air crash
15 Aug 05 |  Europe

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