CYPRUS: Cobalt Air says closure is a ‘sad day’ for staff and passengers

Cobalt Air has expressed “great regret” for the indefinite suspension of its operations, calling it a “sad day” for its 250 staff and hundreds of stranded passengers.

A statement, issued by the airline, also said that in spite of arduous efforts to keep the airline flying, it was not possible to secure long-term financing.

“It is with great regret that we must inform you that COBALT Air will cease all operations at midnight on October 17th, 2018 and enter into administration process, after 2 years and 3 months of operations,” the statement said.

“This is a sad day for all the employees and passengers of Cobalt Air. The company has been working relentlessly during the past months to secure the long-term financing of the airline.”

This is “an enormous disappointment after the incredible hard work and dedication put into building the airline. We would like to express our regret for any inconvenience caused by this sudden decision to all of our passengers.” 

“The company would like to sincerely thank all its employees for their hard work and dedication, its clients for years of loyal support and its suppliers for their cooperation during the years,” the statement concluded.