Cobalt airlines in Cyprus suspends operations

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Cobalt Air has ambitious plans to turn Cyprus into a major transit point using a modern fleet of Airbus 320 and 330 aircraft "and connect Cyprus to the world and the world to Cyprus".
Cobalt Air had ambitious plans to turn Cyprus into a major transit point using a modern fleet of Airbus 320 and 330 aircraft "and connect Cyprus to the world and the world to Cyprus".

The de-facto-Cypriot national airline Cobalt has suspended operations indefinitely. 

Reports in several Cypriot media outlets this week suggested Cobalt’s mainly Chinese backers had difficulty channelling funds to the airline, which operated with six leased Airbus planes.

The airline had expanded rapidly to about 20 destinations since its launch, adding a business class and, recently, a frequent flyer programme.

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