Yes - sadly all of the airlines slowly pulled out of the Cooma service. It went from all year round, to Winter only, and then no service. They have also stopped the direct service to Dinner Plain (near Hotham) from Sydney. Obviously, demand dropped and so the services stopped.
There are private charter flights out of Bankstown and (I think but am not sure) from the private Commuter terminal at Sydney airport to Cooma. It only makes sense if you have a big enough group to reduce the overall price to a smaller individual price. You would have to google to find the service providers.
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