Cyprus’ Cobalt Air Closes After Last-Minute Investor Drops Out

Cypriot carrier Cobalt Air collapsed after its 49% Chinese shareholder pulled out and a replacement investor failed to come through with the necessary money. State-owned Aviation Industry Corporation of China (AVIC) was the largest shareholder in the Larnaca-based budget carrier, which had been...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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