Turkish carrier AtlasGlobal announced today that it will halt operations until December owing to economic problems.
Turkish carrier AtlasGlobal will halt operations until mid-December owing to financial troubles.
The airline says it will “temporarily” cease flights from 26 November to 21 December as it deals with cash flow problems amid tough economic conditions.
“We have entered a new phase of restructuring in order to provide you a unique flight experience,” the carrier states.
During the Routes Europe conference in October, commercial chief Nevzat Arsan said that the carrier had a “very difficult time” in 2018 amid depreciation of the Turkish lira and general economic instability in the country.
He added that political and social instability in Iran, Iraq and Syria were impacting the airline “significantly”.
AtlasGlobal has 16 Airbus A320 family jets in its fleet, all of which are leased, Cirium fleets data shows. Five aircraft – all 18-21 years old – are in storage.