Defunct Cobalt airline’s office equipment being sold off

Office equipment and electronics from the Larnaca offices of defunct Cobalt airline went on sale Tuesday. The sale will go on again on Wednesday between 9am and 4pm.

An announcement from the company said the sale, on a cash-only basis, was taking place at the Artemidos Building, 4th floor of the premises.

The transport ministry had revoked Cobalt’s commercial and operating licences last October, the day after the company announced it was grounding its fleet on October 17. Despite being given time, the airline had failed to raise the cash necessary to keep it going. At the end of 2017, Cobalt’s authorised share capital amounted to €3.2m and its total liabilities were said to be €35.3m.

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