Cyprus Carrier Cobalt Air Ceases Operations

Cypriot carrier, Cobalt Air, has gone under bankruptcy protection following struggling conditions in both the Cypriot and international market. Up to 350 jobs are going to be lost. The carrier, which has lasted for a total of two years and four months, will now enter administration proceedings. In a statement, the carrier emphasised that all operations were ceasing as of 23:50 local time on October 17, 2018. (airwaysmag.com) More...