Cyprus-Forum.com

[Paphitis]

Cobalt Air, an American Company has applied for a Cyprus Air Operators Certificate.

It is understood, that the new "Airline" is not interested in buying the Cyprus Airways name or logo. The aircraft will have a "Visit Cyprus" livery.

The new Airline will base itself in Larnaca and will be owned by Australian Businessman Peter Miller. Not sure what his relationship is with Cobalt air which seems to be a US Turboprop company.

http://www.philenews.com/el-gr/top-stor ... i-etaireia

https://www.cobaltair.com/home

No more flying Moufflon.

[Paphitis]

And here, some leaked information that the Cyprus Government had received 9 non binding offers to buy Cyprus Aiways in 2014 through the firm KPMG!



The Government seems unwilling to investigate what went wrong.

[Paphitis]

What is even more interesting is the fact that Aegean were offered the market on a platter and have even leased CA aircraft to set up a new hub in Larnaca.

Are the taxpayers of Cyprus keen to find out more?

[DT.]

You should listen more closely to what i say

Low cost airline based in Cyprus. Unfortunately I've signed an NDA now so no more info from me

[supporttheunderdog]

I have some doubts that this will be of any benefit to many of the travelling Public in Cyprus, since I very much doubt they are setting up some sort of an airline for the mass transport.

My understanding is that Cobalt Air is principally a marketing op for Pilatus PC12 on some sort of time-share basis, where for a fee you buy the right to a certain number of flying hours in one of a fleet of aircraft, managed by a firm called Plane-Sense. They operate principally in the US. Cobalt Air do demo flights and as a side line operate some private charter.

The PC12 has a 1500 mile range or so at 300 Mph that is to say from Larnaca in one straight line Direction it might get as far as Genoa, in other down to Dubai, and as far North as Prague or Moscow, if one wishes to spend 5 hours plus going that far.

I wonder if getting a Cyprus AoC will give them access to EU Airspace with a view to expanding the Plane-Sense Business in the EU, with Cyprus as a "brass plate" address for low tax reasons.

[Paphitis]

You should listen more closely to what i say

Low cost airline based in Cyprus. Unfortunately I've signed an NDA now so no more info from me

You should hold your horses!

Firstly, I have my doubts. A Turboprop company trying to get into Jets is a real long shot.

Secondly, I have been speaking to my mates and they tell me that most of them believe this is the biggest load of horse shit around.

To put it mildly, they don't even believe this will get off the ground, and even if it did, the work conditions wouldn't even be worth getting out of bed for. So the EXODUS continues because no one is impressed at all.

[Paphitis]

I have some doubts that this will be of any benefit to many of the travelling Public in Cyprus, since I very much doubt they are setting up some sort of an airline for the mass transport.

My understanding is that Cobalt Air is principally a marketing op for Pilatus PC12 on some sort of time-share basis, where for a fee you buy the right to a certain number of flying hours in one of a fleet of aircraft, managed by a firm called Plane-Sense. They operate principally in the US. Cobalt Air do demo flights and as a side line operate some private charter.

The PC12 has a 1500 mile range or so at 300 Mph that is to say from Larnaca in one straight line Direction it might get as far as Genoa, in other down to Dubai, and as far North as Prague or Moscow, if one wishes to spend 5 hours plus going that far.

I wonder if getting a Cyprus AoC will give them access to EU Airspace with a view to expanding the Plane-Sense Business in the EU, with Cyprus as a "brass plate" address for low tax reasons.

This doesn't prevent Cobalt Air or any other company from applying for an AoC as long as they are well funded. Money is the only limiting factor here.

I am not sure if this is actually Cobalt Air or a new venture by the mentioned Australian Business Figure. I have no idea why on earth he would do it but that is beside the point.

They are not planning to use PC12. They are wanting 6 x A320s on their AoC.

I've seen stranger things.

At the end of the day, I do have serious doubts, and it wouldn't stop me from leaving Cyprus if I was in the unfortunate shoes of the CA Pilots.

But hopefully, we are all proven wrong. Shame on the new consortium not being interested in resurrecting the CA Brand.

[repulsewarrior]

...i know i am guessing, but i think this venture has more to do with the location of the Airport, more than it has to do with being a profitable venture itself; it is a stepping stone for a venture that has even bigger potential. My guess is that an Airline like this will focus on the Eastern Med, shorter hauls, connecting flights, the Arab (and Africa) coasts for its traffic.

Larnaca is an attractive place to fly from, in that sense there is a lot of room for growth.

[Tim Drayton]

Well, well, well - true to form. Wherever there is an IMF programme following a crisis, business moves out of the hands of the state and national bourgeoisie and into the hands of the global bourgeoisie. Only a few years to go until the miracle recovery, now, to prove that the rescue programme was a great success.

[Paphitis]

Well, well, well - true to form. Wherever there is an IMF programme following a crisis, business moves out of the hands of the state and national bourgeoisie and into the hands of the global bourgeoisie. Only a few years to go until the miracle recovery, now, to prove that the rescue programme was a great success.

Yes but this potential new outfit did not collude with the suspect actions of the Cyprus Government.

What is a major concern is the fact that a large proportion of the public were actually quite happy to see Cyprus Airways go.