New Cypriot low-cost carrier (LCC) Cobalt plans to start operations at the end of March, once its air operator’s certificate (AOC) is finalized, according to CEO Andrew Pyne. Cobalt is “90% through the AOC process” and just needs to complete a facilities inspection and proving flight, Pyne said. Financing for the new company comes from local entrepreneur Gregory Diacou, together with a Hong Kong-based organization that Pyne declined to name, but whose identity would be ...

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