Cyprus’ Airline Licensing Authority on Thursday decided to revoke the operating licence of Cobalt, Transport Ministry permanent secretary Alecos Michaelides told the Cyprus News Agency.
He said a letter to this effect will be sent to the company tomorrow.
Michaelides said the company had wanted a suspension of the licence but the authority saw no prospect of the situation changing
He said Cobalt had told the Authority that it had found an investor but that he had failed to transf….. Read More On: InCyprus
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