Cobalt Air is telling passengers that all flights are cancelled and operations are suspended.
Another airline has bitten the dust, this time the Cypriot carrier Cobalt Air, which commenced operations only in 2016 and included Copenhagen among its many seasonal routes.
The Larnaca-based airline has cancelled all of its flights and indefinitely suspended operations, advising customers not to go to the airport, The Guardian reports.
Cobalt flew to 23 destinations with a fleet of just six Airbus A319 and A320 aircraft. Its main target market was the UK, where it operated flights at London Heathrow, Stansted and Gatwick as well as Manchester.
It abruptly stopped all flights from 23:50 last night, according to a statement on its website. Later the Cyprus Mail published another statement by the airline, which said administrators had been called in after attempts to find long-term funding had failed.
“It is with great regret that we must inform you that Cobalt Air will cease all operations at midnight on 17 October 2018 and enter into administration process, after two years and three months of operations,” the statement reads.
“[It] 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.”
Vasiliki Anastasiadou, Cyprus’ transport minister, pledged financial help for stranded passengers, saying that phone helplines would be announced soon.
The airline’s collapse comes after the budget carrier Primera Air filed for bankruptcy earlier this month. Meanwhile, the UK regional airline Flybe warned of rising losses yesterday due to weak demand and increasing fuel prices.