Cyprus-Forum.com

[kurupetos]

RIP Cobalt!

(It didn't last long...)

https://cobalt.aero/

[B25]

Come on Paphiti buy them out!

[Kikapu]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

[DT.]

The company wasn't perfectly managed but that had little to do with them suspending operations.

Chinese investors reneged on their remainder investment. A casualty of the US-China trade war and Chinese pulling back on some of their global investments.

Company was 9 months from breakeven.

[Paphitis]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

I have no idea why these guys went to Cyprus to begin with when they could have gone to China or North America.

[DT.]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

I have no idea why these guys went to Cyprus to begin with when they could have gone to China or North America.

What guys? What are you on about mate?

[Paphitis]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

I have no idea why these guys went to Cyprus to begin with when they could have gone to China or North America.

What guys? What are you on about mate?

Glencore mining which is an Australian copper and cobalt mining company. Peter Kelly and the other executives that launched it.

They pulled the pin because they saw the writing on the wall. No one is going to invest in a company operating in a saturated mini market with no prospects. The whole idea was the Chinese market but you don’t do that from Cyprus.

These guys should have known better. Their investors are heavily invested in Russia and China and they should have stuck to that. Going to Cyprus was a huge mistake.

The brains behind it was a QANTAS executive as well who started an airline in Russia. I really have no idea what they were thinking.

[DT.]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

I have no idea why these guys went to Cyprus to begin with when they could have gone to China or North America.

What guys? What are you on about mate?

Glencore mining which is an Australian copper and cobalt mining company.

They pulled the pin because they saw the writing on the wall. No one is going to invest in a company operating in a saturated mini market with no prospects.

These guys should have known better. Their investors are heavily invested in Russia and China and they should have stuck to that. Going to Cyprus was a huge mistake.

The brains behind it was a QANTAS executive as well who started an airline in Russia. I really have no idea what they were thinking.

Paphitis for the last time, this was funded by a Chinese govt fund. The only time Australians had anything to do with it was at the beginning when the first ceo was Australian and was fired before operations began

The chairman is a friend of mine Gregory and we were asked twice to invest but turned it down. Stop recycling this Australian tale. It was Chinese funded solely.

[Paphitis]

Cyprus is too smaller market to support it‘s own airline, and on top of that, Cobalt only had 6 aircrafts for short/medium range, too few aircraft to be a budget airline as it can never generate enough volume to be financially viable like EasyJet & Ryanair in the same market.

I have no idea why these guys went to Cyprus to begin with when they could have gone to China or North America.

What guys? What are you on about mate?

Glencore mining which is an Australian copper and cobalt mining company.

They pulled the pin because they saw the writing on the wall. No one is going to invest in a company operating in a saturated mini market with no prospects.

These guys should have known better. Their investors are heavily invested in Russia and China and they should have stuck to that. Going to Cyprus was a huge mistake.

The brains behind it was a QANTAS executive as well who started an airline in Russia. I really have no idea what they were thinking.

Paphitis for the last time, this was funded by a Chinese govt fund. The only time Australians had anything to do with it was at the beginning when the first ceo was Australian and was fired before operations began cause he kept cutting commission for himself on the airplane leases.

The chairman is a friend of mine Gregory and we were asked twice to invest but turned it down. Stop recycling this Australian tale. It was Chinese funded solely.

Bullshit he was fired. He was the friggin owner. You can’t fire the owner mate or Clencore

If there was a Chinese investor, why did they pull the pin. Mate, if the Chinese were involved the airline would have been moved a long time ago.

I think you will find Glencore was the main investor

[Paphitis]

The only Cypriot company that will succeed is Tus, only because they were smart enough to have an all Fokker fleet that can run on an oily rag.