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The four largest airline participating in Essential Air Service contracts, TOP: Southern Airways Express C208, Cape Air C402 ; BOTTOM. Boutique PC12 , SkyWest CRJ200 (Photo: AirlineGeeks | Joey Gerardi)

Essential Air Service: What It Is and Why It's Needed

Every year, people around the country pay their taxes and begin to complain about which government programs are necessary and which are not. And every year the same question comes up: why does the government shell out millions of dollars in federal aid to airlines in order to fly — in some cases empty aircraft — to cities nobody has ever heard of? Because it’s essential. History of EAS Essential Air Service has played an interesting role in this country…

Stuck in Cyprus: GECAS Unable to Repossess Cobalt Planes

Cyprus' Cobalt Air suspended operations indefinitely on Oct. 18, 2018, just days after it was reported that the airline was struggling financially. The 2017 Center for Aviation Start-up of the Year recipient left approximately 200 people jobless and six aircraft stranded at its hub at Larnaca International Airport in Larnaca,…

Second European Airline Ceases Operations This Month

Earlier this week, AirlineGeeks reported that Larnaca-based Cobalt was experiencing financial trouble. The airline’s website has just been updated to inform passengers that all future flights have been suspended indefinitely. The airline’s main stockholder is AJ Cyprus, a company owned by Avic Joy Air, a Chinese company. With 49 percent…

Another European Airline in Financial Trouble?

Trade war tensions with China are rising in the U.S. as President Donald Trump creates new barriers for Chinese trade. While this has been occurring, Cyprus has kept its doors wide open to Chinese investment and trade, with plans to double bilateral trade to more than $1 billion, equivalent to…