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A Cobalt A320 being towed at Athens International Airport. The airline flies to Larnaca, Paphos, and London Gatwick from Athens. (Photo: Konstantinos Chatzigeorgiandis)

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 about 5 percent of Cyprus’ annual economic output, according to Bloomberg Businessweek. From Europe’s biggest casino resort to Cobalt Air, Chinese investments are inevitable in Cyprus. However, EconomyToday is reporting…