A new airline – CobaltAir – has applied to set up operations from Cyprus, intending to use the islandas a base for operating “a strong European airline”.
“CobaltAir willoperate a fleet of modern, fuel efficient, Airbus aircraft and will launch in2015 with flights to ten destinations,” the company said in a statement.
The company submittedthe Cyprus Air Operator Certificate to the Department of Civil Aviation on Mondayand have already registered as a local company, according to communicationsministry spokesperson Demetris Constantinou.
The airline promisesto have the best attributes from both low cost and full service carriers and ifapproved, the company’s planes would bear characteristics specific to theisland such as ‘Visit Cyprus’ slogans. Originally, the charter company hadconsidered buying assets from now defunct Cyprus Airways such as the name andemblem but proceeded to set up their own operations.
Demetris Constantinouwould not go into details as to where the company is based however reports saidthat the initial equity capital, came from Europe and Asia.