Cypriot airline Cobalt cancels all flights from Stansted

Low-cost carrier Colbalt has operating flights out of Cyprus since 2016

"For refunds, please contact your credit card provider or Travel Agent".

It comes just weeks after Icelandic budget carrier Primera Air also ceased operating. It was the second Cypriot airline, after Tus Airways, to be established since the dissolution of Cyprus Airways in 2015.

The airline flies from Stansted, Heathrow and Gatwick.

The transport ministry said in a statement that passengers expecting to fly with Cobalt on Thursday should secure one-way tickets in economy class from another airline, and keep their receipt for their reimbursement.

Its last flight was reportedly in the air on the way back to Larnaca from London at the time.

The airline's statement said future flights would not operate due to "indefinite suspension of Cobalt's operations", and advised passengers not to go to the airport.

"We sincerely apologise once again and would like to thank our very loyal customers for their support over the last two years of Cobalt operations", it added.

The announcement of the closure of the airline has left hundreds of passengers in limbo, while nine flights of Cobalt were from Larnaca on Thursday and nine more to get there.


A couple has been left nearly $5,900 out of pocket after their dream wedding in Cyprus was ruined when Cobalt Airlines folded overnight.

Transport Minister Vasiliki Anastasiadou said that any stranded passengers in Cyprus would be helped.

Two travel operators on the island had been instructed to manage the repatriations and issue tickets on other airlines. By contrast, Europe's biggest airline Lufthansa carried about 130 million people past year.

The start-up airline, which was founded after the closure of the country's long-established carrier Cyprus Airways, had been in operation since 2016.

Other reports put the debt at around 100 million euros ($115 million).

According to local media, the airline had failed to reach a new deal with potential investors.

In early October rumours began circulating that Cobalt was facing cash-flow problems after two of its aircraft were grounded for two days, causing delays to certain flights.

The airline's largest shareholder is AJ Cyprus, with 49 percent of the shares.

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