Cyprus-Forum.com

[Paphitis]

And one more thing. How can a company with a fleet of 6 airbus, predict to be in profit within 9 moths? Who made these predictions and how? How do they plan to increase their revenue and lower their costs?

Wow you would have to be the best business man in the world.

here is the thing with Aviation. If you fuck an engine, then you can revise that forward estimate from 9 months to about 5 years. Especially with such a small company.

9 months is ambitious.

Do an engine on a Fokker 100 and you can buy an engine for about 1 million.

And there are plenty of Aviation businesses that are well run and will lose money. You got to have the money and willingness to fund this for the upturn plus eliminate competition and Cobalt couldn't do it.

DT stated that the company would have broken even in 9 months times had it not went under. As for profit, DT did not state any time period for that.

However, when the company was losing 30 million Euros for the each of the last 2 years from what I have read, I don't know how the company was going to make up losing 30 million Euros in the next 9 months just so to break even? Even if they were to do so, they still would have been 60 million Euros in the hole for the previous 2 year's loses. Sure, all start up companies are in the red for the first few years, but I just can't see how a budget low cost airline with fleet of 6 aircraft could possibly create such a volume in a small saturated Cyprus market to eventually go into becoming a profit making company eventually when all the time, they would have been going against other established major budget airlines? Cyprus airways couldn't do it by charging premium prices, so how could a small low budget airline?

I can't see it either. It would have been a miraculous turnaround.

But whatever. If DT reckons they would make a profit in 9 months, then fine.

TUS is the Cypriot company that is going to get ahead I hope.

[Paphitis]

https://www.linkedin.com/title/ceo?trk=pprofile_title

Here you go ...my last word have a good day

What's this? I think your link is broken. If you got something, then please post again.

I looked for Andrew Pyne's profile way before you but couldn't find anything so please post it if you have something. I am all for you presenting evidence. Just put it up.

[RichardB]

Or cyprus-mail.com>tag>andrewpyne

[RichardB]

https://www.linkedin.com/title/ceo?trk=pprofile_title

Here you go ...my last word have a good day

What's this? I think your link is broken. If you got something, then please post again.

I looked for Andrew Pyne's profile way before you but couldn't find anything so please post it if you have something. I am all for you presenting evidence. Just put it up.

Google LinkedIn.com and search Andrew Pune
Or article in Cyprus mail

He was CEO for 7 months

[Kikapu]

And one more thing. How can a company with a fleet of 6 airbus, predict to be in profit within 9 moths? Who made these predictions and how? How do they plan to increase their revenue and lower their costs?

Wow you would have to be the best business man in the world.

here is the thing with Aviation. If you fuck an engine, then you can revise that forward estimate from 9 months to about 5 years. Especially with such a small company.

9 months is ambitious.

Do an engine on a Fokker 100 and you can buy an engine for about 1 million.

And there are plenty of Aviation businesses that are well run and will lose money. You got to have the money and willingness to fund this for the upturn plus eliminate competition and Cobalt couldn't do it.

DT stated that the company would have broken even in 9 months times had it not went under. As for profit, DT did not state any time period for that.

However, when the company was losing 30 million Euros for the each of the last 2 years from what I have read, I don't know how the company was going to make up losing 30 million Euros in the next 9 months just so to break even? Even if they were to do so, they still would have been 60 million Euros in the hole for the previous 2 year's loses. Sure, all start up companies are in the red for the first few years, but I just can't see how a budget low cost airline with fleet of 6 aircraft could possibly create such a volume in a small saturated Cyprus market to eventually go into becoming a profit making company eventually when all the time, they would have been going against other established major budget airlines? Cyprus airways couldn't do it by charging premium prices, so how could a small low budget airline?

I can't see it either. It would have been a miraculous turnaround.

But whatever. If DT reckons they would make a profit in 9 months, then fine.

TUS is the Cypriot company that is going to get ahead I hope.

I just said Paphitis, that DT never stated the company would go into profit in 9 months. He said the company would break even in 9 months.

How many Sierra Nevada beers have you had tonight?

[Pyrpolizer]

https://www.flightglobal.com/news/articles/avianova-sacks-ceo-and-accuses-him-of-misleading-public-359490/

This is maybe what was reffered to re AP being kicked out of his offices in Russia
AND
AP was definitely CEO when Cobalt Commenced operations

Google is my friend

Lol! Thanks Richard but let’s let the matter rest. Paphitis is getting upset and I really don’t want to do that.

DT, in all honesty, if you know something I don't then please let us know. I want to learn.

You were on the board. Therefore, you claim that AP was CEO and was sacked. Can you clarify this please?

Re Paphiti why are you pushing and pushing DT?
The man is liable to confidentiality don't you understand?

[Paphitis]

Or cyprus-mail.com>tag>andrewpyne

Thank you. Finally.

[Paphitis]

https://www.flightglobal.com/news/articles/avianova-sacks-ceo-and-accuses-him-of-misleading-public-359490/

This is maybe what was reffered to re AP being kicked out of his offices in Russia
AND
AP was definitely CEO when Cobalt Commenced operations

Google is my friend

Lol! Thanks Richard but let’s let the matter rest. Paphitis is getting upset and I really don’t want to do that.

DT, in all honesty, if you know something I don't then please let us know. I want to learn.

You were on the board. Therefore, you claim that AP was CEO and was sacked. Can you clarify this please?

Re Paphiti why are you pushing and pushing DT?
The man is liable to confidentiality don't you understand?

Confidentiality? Why is the sacking of a CEO confidential?

It makes no mention of a sacking either. AP was CEO briefly and resigned after a month. The board accepted the resignation citing teething problems with an aggressive flight schedule and the cancellation of a flight due to technical problems. In other words, he was the person blamed for it opr the scape goat. Don't know what else you can do when you have technical problems and have no replacement aircraft but anyway.

[Paphitis]

And one more thing. How can a company with a fleet of 6 airbus, predict to be in profit within 9 moths? Who made these predictions and how? How do they plan to increase their revenue and lower their costs?

Wow you would have to be the best business man in the world.

here is the thing with Aviation. If you fuck an engine, then you can revise that forward estimate from 9 months to about 5 years. Especially with such a small company.

9 months is ambitious.

Do an engine on a Fokker 100 and you can buy an engine for about 1 million.

And there are plenty of Aviation businesses that are well run and will lose money. You got to have the money and willingness to fund this for the upturn plus eliminate competition and Cobalt couldn't do it.

DT stated that the company would have broken even in 9 months times had it not went under. As for profit, DT did not state any time period for that.

However, when the company was losing 30 million Euros for the each of the last 2 years from what I have read, I don't know how the company was going to make up losing 30 million Euros in the next 9 months just so to break even? Even if they were to do so, they still would have been 60 million Euros in the hole for the previous 2 year's loses. Sure, all start up companies are in the red for the first few years, but I just can't see how a budget low cost airline with fleet of 6 aircraft could possibly create such a volume in a small saturated Cyprus market to eventually go into becoming a profit making company eventually when all the time, they would have been going against other established major budget airlines? Cyprus airways couldn't do it by charging premium prices, so how could a small low budget airline?

I can't see it either. It would have been a miraculous turnaround.

But whatever. If DT reckons they would make a profit in 9 months, then fine.

TUS is the Cypriot company that is going to get ahead I hope.

I just said Paphitis, that DT never stated the company would go into profit in 9 months. He said the company would break even in 9 months.

How many Sierra Nevada beers have you had tonight?

None. I don't drink every day and I never drink a lot.

Even breaking even would have been a task and a half. If he reckons it would break even, then there is no way I can prove it wouldn't have. Breaking even and a profit is a very fine line too. You can't break even in 9 months and just keep breaking even. You will either lose money or make a profit not just flatline and break even unless they run it that way so as to not pay tax.

If the business had any prospects, then it would have been bought out.

[RichardB]

Cobalt Air (Cyprus)
February 2015 – August 2016 1 year 7 months
Larnaca, Cyprus
Cobalt Air aspired to be the new national airline of Cyprus. It commenced scheduled operations on 7 July 2016, promoting Larnaca as a hub for the region. (I joined Cobalt in early 2015, becoming CEO in August.) Highlights:

- developed initial Business Plan in early 2015,
- formed core management team before taking on CEO role in Summer 2015,
- supervised AOC and Operating Licence exercises through 2015/16,
- identified and secured investment for the project in late 2015,
- oversaw launch of operations in July 2016 and build up of fleet to three A320s
- served as board adviser September 2016 through to year end


From APs LinkedIn profile

Good night for now ...Koniaki to drink ...