News: Cobalt Air ceases operations as talks with creditors collapse

Cobalt Air ceases operations as talks with creditors collapse

Cyprus-based airline Cobalt Air has ceased operations after failing to agree new financial arrangements with creditors.

The low-cost carrier, which operated flights to Stansted, Gatwick and Heathrow in the UK, said all flights would be cancelled from 23:50 on Wednesday night.

Passengers with outstanding tickets were urged not to go to Larnaca or any other airport, as no further departures were planned.

No Cobalt staff would be present, a statement from the airline added.

Passengers were advised to seek compensation from their credit card providers or travel agents.

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“We sincerely apologise once again and would like to thank our very loyal customers for their support over the last two years of Cobalt operations,” read a statement from the airline.

Before 2016, short-haul flights out of Cyprus were dominated by state-controlled carrier Cyprus Airways.

Cobalt had sought to move into the space vacated by its collapse.

The cancellations came after Danish budget carrier Primera Air ceased trading earlier this month.

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