Go Back  PPRuNe Forums > Flight Deck Forums > Rumours & News
Reload this Page >

Cobalt ceases operations

Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

Cobalt ceases operations

Old 17th Oct 2018, 18:55
  #1 (permalink)  
Thread Starter
 
Join Date: Jul 2014
Location: Ireland
Posts: 141
Likes: 0
Received 0 Likes on 0 Posts
Cobalt ceases operations

Looks like Cobalt will cease operations from midnight.

https://cyprustimes.com/2018/10/17/s...ivatiko-koino/
ShamrockF is offline  
Old 17th Oct 2018, 19:18
  #2 (permalink)  
 
Join Date: Jul 2005
Location: Leeds, West Yorkshire
Posts: 1,151
Likes: 0
Received 0 Likes on 0 Posts
And here it is in English

https://cyprus-mail.com/2018/10/17/c...ghts-grounded/
LBIA is offline  
Old 17th Oct 2018, 19:24
  #3 (permalink)  
Paxing All Over The World
 
Join Date: May 2001
Location: Hertfordshire, UK.
Age: 67
Posts: 10,125
Received 58 Likes on 48 Posts
From the article:
Officially, Cobalt has declined comment. But sources within the company attributed the liquidity problems to a difficulty by Chinese investors to export capital due to Chinese government restrictions.
PAXboy is offline  
Old 17th Oct 2018, 21:10
  #4 (permalink)  
 
Join Date: Aug 2006
Location: Cyprus
Posts: 9
Likes: 0
Received 0 Likes on 0 Posts
It's official, there is an announcement in Twitter (MCWcy/status/1052665337257299968) by the Cypriot Ministry of Transport.
jortheo is offline  
Old 17th Oct 2018, 21:26
  #5 (permalink)  
 
Join Date: Jul 2005
Location: Leeds, West Yorkshire
Posts: 1,151
Likes: 0
Received 0 Likes on 0 Posts
Sadly its official, the following message has just been posted on Cobalt Airlines website. https://cobalt.aero/
LBIA is offline  
Old 17th Oct 2018, 23:21
  #6 (permalink)  
 
Join Date: Sep 2006
Location: Delsey
Posts: 744
Received 0 Likes on 0 Posts
TUS Air don’t look too healthy either.
500 above is offline  
Old 18th Oct 2018, 06:44
  #7 (permalink)  
 
Join Date: Dec 2001
Location: Middle East
Posts: 413
Likes: 0
Received 0 Likes on 0 Posts
With Cyprus Airways now reborn it was difficult to see how an island of this size could sustain two ‘flag carrier’ airlines so hopefully rather than cannibalise each other’s customer base at least one of them will emerge in a stronger position.

I flew CO a few times and they weren’t bad, although there is no online check in. This meant that traveling on a 20 min sector to Beirut from Larnaca even with hand luggage only involved standing in a check in queue with a packed Moscow flight for an hour, which was annoying.

Not a good time for smaller airlines right now.
reverserunlocked is offline  
Old 18th Oct 2018, 08:21
  #8 (permalink)  
 
Join Date: Jun 2018
Location: World
Posts: 0
Likes: 0
Received 0 Likes on 0 Posts
Sad day for Cobalt, it looked like a decent LOCO
aviationfanatic is offline  
Old 18th Oct 2018, 09:37
  #9 (permalink)  
 
Join Date: May 2003
Location: Arakis
Posts: 211
Likes: 0
Received 0 Likes on 0 Posts
Flybe not good either according to reports..
gtaflyer is offline  
Old 18th Oct 2018, 12:03
  #10 (permalink)  
 
Join Date: Apr 2014
Location: In a house
Posts: 110
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by gtaflyer
Flybe not good either according to reports..
Flybe profit warning
https://news.sky.com/story/flybe-pro...akens-11527807
flyingmed is offline  
Old 18th Oct 2018, 15:40
  #11 (permalink)  
 
Join Date: Dec 2001
Location: Middle East
Posts: 413
Likes: 0
Received 0 Likes on 0 Posts
Cyprus Airways offering 20 free one way tickets to Cobalt ticket holders on flights from Tel Aviv, Beirut and Athens until mid December. Cobalt had expanded quickly whereas CY still have only 2 aircraft in the fleet. Wonder if they'll try to cherry pick the route network Cobalt had built up? That said, CYs A319 has the tightest Y config I've ever experienced, and that was on an 18 minute sector from LCA to BEY....
reverserunlocked is offline  
Old 19th Oct 2018, 21:52
  #12 (permalink)  
 
Join Date: Aug 2002
Location: Up north
Posts: 1,657
Likes: 0
Received 0 Likes on 0 Posts
A court in CH seems to have opened up insolvency proceedings against PrivatAir as well.

CP
CaptainProp is offline  
Old 20th Oct 2018, 09:38
  #13 (permalink)  
 
Join Date: Mar 2011
Location: Cyprus
Posts: 515
Received 14 Likes on 12 Posts
Reverserunlocked ; Bit of confusion . You say Cyprus Airways offering free one ways. Maybe a code share indicating that it is CY but to my knowledge there is no Cyprus Airways. They went bust some time ago. Several attempts to fill the vacuum have been made without success. Indeed, only in yesterday's Cyprus Daily Mail, CY was referred to as the "now defunct Cyprus Airways". I have lived here for ten years and see no planes with "Cyprus Airways" written on the side.

Along came Cobolt some two years ago with involvement with the Cyprus Government to fill part of the gap. Cobolt is funded with 49% Chinese money and the rest by Cyprus (the latter might well be a melting pot of varied investment). Cobolt had two of six aircraft based at Larnaca. Both are now parked up at LCA.

Cyprus Government (being 51% backers) have announced that they will help stranded pax up until 24th October. Very limited help by the way.. Advice to pax was that if you paid through your credit card, contact them. If you paid through a Travel Operator, contact them. A refund through Cobolt (?), join the queue.

All part of aviation I regret to say. Airlines come & go and leave a right old mess in the wake of going.
Gordomac is offline  
Old 20th Oct 2018, 09:42
  #14 (permalink)  
 
Join Date: Jun 1999
Location: world
Posts: 3,424
Likes: 0
Received 0 Likes on 0 Posts
Gordomac, to begin with it's Cobalt. Secondly should you google Cyprus Airways you will note that your knowledge is about 7 months out of date!
Hotel Tango is offline  
Old 20th Oct 2018, 09:48
  #15 (permalink)  
 
Join Date: Jan 2008
Location: Reading, UK
Posts: 15,783
Received 196 Likes on 90 Posts
Originally Posted by Gordomac
I have lived here for ten years and see no planes with "Cyprus Airways" written on the side.



Currently enroute LCA-ZRH as CY350




Currently enroute LCA-MUC as CY372
DaveReidUK is offline  
Old 20th Oct 2018, 10:09
  #16 (permalink)  
 
Join Date: Mar 2010
Location: UK
Age: 76
Posts: 620
Likes: 0
Received 0 Likes on 0 Posts
Gordomac

https://www.cyprusairways.com/home/a...ociation-IATA-
Airclues is offline  
Old 20th Oct 2018, 10:31
  #17 (permalink)  
 
Join Date: Mar 2011
Location: Cyprus
Posts: 515
Received 14 Likes on 12 Posts
Ouch. That's me told. Setting off to Mackenzie Beach where I can wine & lunch while looking out for the "reborn" Cyprus Airways. Might be a long wait as I see both aircraft are en-route. Any way, I knew all this. I was just testing you lot !
Gordomac is offline  
Old 20th Oct 2018, 13:56
  #18 (permalink)  
 
Join Date: Jun 1999
Location: world
Posts: 3,424
Likes: 0
Received 0 Likes on 0 Posts
You have to try harder. We were on the ball
Hotel Tango is offline  
Old 20th Oct 2018, 16:32
  #19 (permalink)  
 
Join Date: Jun 2009
Location: in the barrel
Posts: 147
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by DaveReidUK


Currently enroute LCA-ZRH as CY350




Currently enroute LCA-MUC as CY372
I wish them all the best but -ugh- what a livery :/

Last edited by AviatorDave; 20th Oct 2018 at 16:33. Reason: typo
AviatorDave is offline  
Old 21st Oct 2018, 09:09
  #20 (permalink)  
 
Join Date: Sep 2006
Location: Delsey
Posts: 744
Received 0 Likes on 0 Posts
Cyprus Airways is owned by Charlie Airlines (you couldn’t make it up...) which is owned by Russia’s S7 in turn. Cobalt was 49% Chinese money.
500 above is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.