Virgin withdraws Cobalt licence case

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Virgin withdraws Cobalt licence case
 © CyprusMail 2018
Virgin Atlantic on Monday withdrew a motion requesting the suspension of a transport ministry decision to revoke the operating licences of Cobalt Air, which was grounded last month after failing to secure fresh cash.

Virgin had secured a court order last week that temporarily suspended the ministry’s decision until Monday when the two sides were scheduled to argue their cases before the court.

The company’s action is thought to be linked with the fact that it owns the valuable Heathrow airport slot used by Cobalt and it risked losing it after the airline had its...


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Virgin withdraws Cobalt licence case


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