New airline ready for takeoff


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. Andrew Pyne, CEO of new airline Cobalt, wants to turn the island’s main airport, Larnaca, into a regional hub serving Europe and the Middle East. “We want to be the new national airline of Cyprus,” he said. 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…

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