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Cobalt Ceases Operations

Cypriot carrier Cobalt Air has announced today that it will cease all operations. The airline which was founded in 2015 but commenced flights in June of 2016 is now the second European carrier this month to cease operations, with Primera Air being the first.

Cobalt operated a handful of aircraft with the A319-100 and A320-200 featuring in the airlines fleet of 6. However, the airline eyed adding A330-200s for operations into China, South Africa, and the US by the end of September 2018, taking a very similar approach to what other carriers around Europe planned. The airline was most notably known for its Cyrpus flights from the UK, it would transport holiday-makers to and from the island.

According to reports, the airline failed to reach an agreement with a new potential investor which left the airline having to cease all operations. The news was shared through a statement made by the airline, they said  “Cobalt regrets to announce that it will be cancelling all Flights as of 23:50pm on October 17, 2018 due to indefinite suspension of Cobalt’s operations. As a result, future flights or services provided by Cobalt will be cancelled and will no longer operate”

The airline was planning for a bright future with the introduction of new routes, a business class on its aircraft and new frequent flyer programs. Cobalt originally opened up because state-controlled carrier Cyrpus Airways collapsed, with the collapse of the main carrier out of Cyrpus there was a need for another airline, and Cobalt came through.

Through the ceasing of operations, Cobalt will leave behind around 200 staff and a handful of aircraft.

Credit: Gerard van der Schaaf

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