Cobalt still leasing one of its planes

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Cobalt still leasing one of its planes
 © CyprusMail 2018
Despite having had its operating license revoked, grounded Cobalt Air remains a going concern and has retained its air operator’s certificate (AOC), the Cyprus Mail has learned.

In the meantime, the airline – which currently is not under administration or liquidation – has terminated the lease contracts on five of the six aircraft in its fleet.

Still in force is the lease contract for one of the jets, sources familiar with the matter said.

Presumably, Cobalt are still paying the lease on the one plane. Aircraft leases can go for anywhere from €200,000 to €500,000...


This article was automatically added to our system 9-11-2018

Cobalt still leasing one of its planes


The contents of this article including any associated images are © CyprusMail 2018
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