Cypriot budget airline Cobalt has suspended operations

Lloyd Doyle
October 20, 2018

The carrier served routes from Heathrow, Gatwick and Manchester to its hub, Larnaca, as well as Athens.

Two travel agencies cypriots have received instruction to ensure that the procedure for the repatriation of passengers affected by the closure sudden Cobalt Air, and the number of which is not clear in the immediate future.

If your travel agent holds an Air Travel Organisers' Licence (ATOL), you're protected against airline failure (Photo: Getty)I'm due to fly with Cobalt.

The news comes just weeks after holidaymakers were left in the lurch with the collapse of Primera Air, and a year after Monarch airlines went into administration.

The Cyprus Ministry of Transport announced it will reimburse Cobalt ticketed passengers that were due to make their return flight on the 18th, provided they submitted proof of their new booking.

The company has ceased its operations after the information according to which she was not able to enter into an agreement with a potential european investor.

The carrier, which has operated flights in and out of Cyprus since 2016 - including flying United Kingdom holiday-makers to the island - has suspended operations.

It warned customers its offices would no longer be staffed and urged them to seek refunds through their credit card company or travel agent.

Cobalt had hired many pilots from former state carrier Cyprus Airways after its demise in 2015.

Airport authorities said there was no panic in the departures hall, with passengers appearing to have stayed away after learning about the airline's fate and the flight cancelations.

Transport Minister Vasiliki Anastasiadou said that any stranded passengers in Cyprus would be helped.

Britain's own Monarch Airlines entered administration previous year in the biggest airline collapse in the country's history.

Speculation had recently emerged on the cash-flow problems after two of its planes have been locked in the ground for two days.

The start-up airline, which was founded after the closure of the country's long-established carrier Cyprus Airways, had been in operation since 2016.

The airline's largest shareholder is AJ Cyprus, with 49 percent of the shares.

Other reports by Iphone Fresh

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