New airline ready for take-off as Cyprus tourism soars
As Cyprus emerges from a deep financial crisis, a new low-cost airline will launch next month to tap into the Mediterranean island's resurgent tourism market. The country has been without a national carrier since the collapse of Cyprus Airways, the victim of a credit crunch that brought the country close to bankruptcy in 2013. But numbers of visitors to the island's popular beach resorts soared in 2015, prompting optimism for the vital sector's prospects. Andrew Pyne, CE of new airline Cobalt, wants to turn the island's main airport, Larnaca, into a regional hub serving Europe and the Middle East. Cobalt, a collaboration between local and Chinese investors, plans to run a modest fleet of 5 planes by the end of summer, and double that by 2017. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-23/unaligned/new-airline-ready-for-take-off-as-cyprus-tourism-soars
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New airline ready for take-off as Cyprus tourism soars
As Cyprus emerges from a deep financial crisis, a new low-cost airline will launch next month to tap into the Mediterranean island's resurgent tourism market. The country has been without a national carrier since the collapse of Cyprus Airways, the victim of a credit crunch that brought the country close to bankruptcy in 2013. But numbers of visitors to the island's popular beach resorts soared in 2015, prompting optimism for the vital sector's prospects. Andrew Pyne, CE of new airline Cobalt, wants to turn the island's main airport, Larnaca, into a regional hub serving Europe and the Middle East. Cobalt, a collaboration between local and Chinese investors, plans to run a modest fleet of 5 planes by the end of summer, and double that by 2017. <br/>
