In July 2016, Charlie Airlines Ltd, a Cyprus-registered company, won a tender competition for the right to use the trademark Cyprus Airways for a decade. The company launched flights in June 2017.

Cyprus Airways operates flights to Europe, Russia and Middle East. All Cyprus Airways flights operate on Airbus A319 aircraft with a capacity of 144 economy class seats.

In July 2018, Cyprus Airways successfully passed the International Air Transport Association (IATA) Operational Safety Audit (IOSA), one of the highest standards in the world for airline operational safety. In October 2018, the company became a member of the International Air Transport Association (IATA).

The company’s long-term goal is to contribute in the increase of tourism in Cyprus, while at the same time to broaden the horizon for local travellers.