Helios, the Failed Airline, will continue to haunt Cyprus as the battle for its liquidation is likely to last for several months.

On the 9th of April 2009, Louis Hotels Public Company Ltd, a creditor of Helios, filed an application to the court, inter alia seeking its winding up, on the basis that the company is insolvent and unable to meet its liabilities, as and when these fall due for payment. …