Cobalt: Debts of €82m; estimated value €10m
Defunct airline Cobalt has an estimated liquidation value of €10m and debts of €80m, most of them to its parent company. According…
End of the road: Cobalt enters into liquidation
Any optimism that Cobalt Air might be resurrected have finally ended with the announcement that the company has recently entered into liquidation.…
Will we ever see Cobalt again?
After lunch in Larnaca my son decided that our day was not finished and that he wanted to make one last stop…
BoC urges customers to apply for Cobalt losses
The Bank of Cyprus on Friday it announced it would credit the money of its customers who submitted an application following the…
Bank of Cyprus customers to receive Cobalt refunds in December
Bank of Cyprus will conclude this month the process of recovering money paid by its clients to travel with Cobalt before the…
Greek company still interested in buying Cobalt
The Greek import/export company Diversa appears to be pursuing its interest in acquiring collapsed Cypriot airline Cobalt by making more enquiries with…
Greek company enquires about Cobalt acquisition
Greek Diversa announced on Wednesday that it is considering to acquire Cobalt Air, CNA reported. “According to a decision by the Board…
Greek company ponders Cobalt acquisition
Greece-based company Diversa announced on Wednesday that it is considering acquiring Cobalt Air, the Cyprus News Agency (CNA) reported. Consultants authorised by…
Cobalt closure affecting Paphos’ tourism, business owners say
The closure of Cobalt Air has had a negative impact on tourism, Paphos’ business owners say. Although initial estimations predicted that Paphos…
Cobalt still leasing one of its planes
Despite having had its operating license revoked, grounded Cobalt Air remains a going concern and has retained its air operator’s certificate (AOC),…
Cobalt jets ‘stranded’ at Larnaca airport
The six aircraft leased by now-defunct Cobalt have been stranded at Larnaca airport, with unpaid creditors of the airline parking vehicles around…
Virgin withdraws Cobalt licence case
Virgin Atlantic on Monday withdrew a motion requesting the suspension of a transport ministry decision to revoke the operating licences of Cobalt…
Court injunction suspends decision to revoke Cobalt licences
Virgin Atlantic has secured a court injunction suspending a transport ministry decision to revoke the operating licences of Cobalt Air, which suspended…
Cobalt licence restored — temporarily
A local court yesterday agreed to issue a temporary injunction cancelling the Air Licensing Authority’s decision to revoke the operating licence of…
Akel MEP seeks EU compensation for Cobalt employees
Akel MEP Neoklis Sylikiotis said on Monday he has requested EU compensation for the around 280 former employees of the now defunct…
