Cobalt Air has suspended operations, leaving hundreds of travelers stranded.
There is no worse beginning or end to a vacation than hearing that the airline tickets you’d spent hundreds (or possibly thousands) of dollars on are no longer worth the paper they’re printed on. Worse, the airline that would have taken you home no longer exists, leaving you stranded without a ticket home.
Cypriot airline Cobalt Air canceled all flights Wednesday evening a posted a statement on their website advising passengers that the company had suspended all operations. It advised travelers to not go to the airport as there would be no flights waiting for them and no staff there to assist with rebooking.
Their website stated that all flights had been canceled as of 11:50 PM on Wednesday. Requests for refunds were directed to their credit card agency or to their travel agents. Travelers that paid in cash were simply out of luck.
The sudden collapse of Cobalt Air left hundreds of travelers stranded on Cyprus and many hundreds more with shattered vacation plans.
Based out of Larnaca Airport, Cobalt air had 6 aircraft and roughly 200 staff. The airline flew to 23 destinations, with many of them taking passengers from all over Europe to visit the tiny island nation. Cobalt Air began operations in 2016 after the collapse of Cyprus Air.
A larger statement was issued in the Cyprus Mail newspaper, explaining that the airline had failed to secure long-term funding.
“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 read.
“[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.”
Transport Minister Vasiliki Anastasiadou has pledged to assist travelers stranded in the wake of Cobalt Air’s collapse. A phone number will be provided shortly for travelers to call if they’re unable to secure passage off of the island through their own means.