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, Cyprus. When an airline goes bankrupt, there are several options for the planes involved. If the airline or the government owned the aircraft, they could send it to storage for…
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…
Charlie Airlines, an airline operating under the name “Cyprus Airways,” has announced six new destinations for its growing route network. The airline plans to connect the Greek capital of Athens and Larnaca, starting on March 29, 2018. The airline will be competing with Aegean Airlines, Blue Air, and Cobalt Air…
