Cobalt: Debts of €82m; estimated value €10m

Defunct airline Cobalt has an estimated liquidation value of €10m and debts of €80m, most of them to its parent company. According to liquidators Grant Thornton Specialist Services Limited, the main assets are equipment, receivables and cash in the banks with a total value of some €10m. Cobalt owes approximately €82m of which €66m to … Continue reading Cobalt: Debts of €82m; estimated value €10m