Catching travelers by surprise, low-cost airline Cobalt, which has operated flights in and out of Cyprus since 2016, has cancelled all flights from midnight Wednesday. The announcement was made via a statement on the airline’s website.
Local media in Cyprus reported that Cobalt had failed to reach a deal with a potential new investor.
According to The Cyprus Mail, the airline’s main backer is China’s Avic Joy Air.
In its statement, Cobalt announced that future flights would not operate as a result of the “indefinite suspension of Cobalt’s operations.” The airline advised passengers not to go to the airport, suggesting they contact their credit card provider or travel agent instead.
It remains unclear how many passengers have been affected, but nine arrivals and nine departures to and from Larnaca airport had been scheduled for Thursday.
Cobalt flew to 23 destinations in Europe, including Heathrow, Stansted, Gatwick and Manchester in the United Kingdom, as well as cities in Russia and the Middle East.