Cobalt Air

The many casualties of European airline industry

October has certainly not been a kind month for European aviation in the past few years. Nordic budget carrier Primera Air failed on the one-year anniversary of the collapse of British holiday airline Monarch, which occurred on October 2, 2017. Just recently, on October 17, 2018, Cyprus-based low-cost carrier Cobalt Air announced its closure. And now, Air Belgium might be considering shutting down as well.  ...


Another European airline goes bust: Cobalt Air ceases operations

Another European airline just collapsed. The Cypriot budget carrier Cobalt Air announced on October 18, 2018, it is cancelling all flights and ceasing operations after failing to reach a new financial arrangement with an investor to solve its liquidity problems. The startup will now enter administration proceedings....