New airline seeks to use Cyprus as a base

A new airline – Cobalt Air – has applied to set up operations from Cyprus, intending to use the island as a base for operating “a strong European airline”.

“CobaltAir will operate a fleet of modern, fuel efficient, Airbus aircraft and will launch in 2015 with flights to ten destinations,” the company said in a statement.

The company submitted the Cyprus Air Operator Certificate to the Department of Civil Aviation on Monday and have already registered as a local company, according to communications ministry spokesperson Demetris Constantinou.

The airline promises to have the best attributes from both low cost and full service carriers and if approved, the company’s planes would bear characteristics specific to the island such as ‘Visit Cyprus’ slogans. Originally, the charter company had considered buying assets from now defunct Cyprus Airways such as the name and emblem but proceeded to set up their own operations.

Demetris Constantinou would not go into details as to where the company is based however reports said that the initial equity capital, came from Europe and Asia.