Helios Airways was a low-cost Cypriot airline operating scheduled and charter flights between Cyprus and many European destinations. Its main base was Larnaca International Airport. Flights ceased in November 2006 because the company’s aircraft were detained and its bank accounts frozen by the government.
The airline was established in 1998 and was the first independent privately owned airline in Cyprus. In 2000, it operated its first charter flight. In March 2006 it was announced that Helios Airways would be rebranded as Ajet and would withdraw from scheduled operations. All Ajet flights were suspended from 1 November 2006 and the majority of its schedules were taken over by the now defunct XL Airways UK.