Cobalt Air
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Location: Essex
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This press article also refers to a temporary suspension of licences
https://cyprus-mail.com/2018/10/18/c...-new-investor/
source. Cyprus-mail
https://cyprus-mail.com/2018/10/18/c...-new-investor/
source. Cyprus-mail
Last edited by bananamanuk; 19th Oct 2018 at 18:44. Reason: Link
Join Date: Jul 2006
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Virgin Atlantic to the rescue?
Virgin Atlantic has secured a court injunction suspending a transport ministry decision to revoke the operating licences of Cobalt Air, which suspended its operations last month.
The authorities revoked Cobalt’s licences after it suspended operations on October 17 following its failure to secure the necessary cash to keep it going.
Transport Minister Vasiliki Anastasiadou confirmed on Friday that the ministry has been informed of a court injunction secured by Virgin Atlantic suspending the decision.
Cyprus Mail - online.
Virgin Atlantic has secured a court injunction suspending a transport ministry decision to revoke the operating licences of Cobalt Air, which suspended its operations last month.
The authorities revoked Cobalt’s licences after it suspended operations on October 17 following its failure to secure the necessary cash to keep it going.
Transport Minister Vasiliki Anastasiadou confirmed on Friday that the ministry has been informed of a court injunction secured by Virgin Atlantic suspending the decision.
Cyprus Mail - online.
Join Date: Jul 2017
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More a protection of Virgin assets; Said Heathrow slots than support of Cobalt imho.
The receivers now can’t flog them on and the 80% rule is also temporarily suspended pending legal issues.
The receivers now can’t flog them on and the 80% rule is also temporarily suspended pending legal issues.
