Hungarian Low-Cost Carrier Wizz Air Opens Four New Bases, Adds…

Right in the middle of the pandemic, when his airline’s flying activity had been reduced to a few flights per week, some of which were pure cargo, Wizz Air CEO Jozsef Varadi was very bullish about the future of his company. “This crisis will present us with opportunities," Varadi said…

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…