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KTHY Cyprus Turkish Suspends All Flights  
User currently offlinetommy212 From United Kingdom, joined Oct 2005, 126 posts, RR: 0
Posted (4 years 6 months 1 week ago) and read 6455 times:

Today KTHY Kibris Turk Hava Yollari have suspended all flights declaring bankruptcy. The airline has been in financial trouble for a few months now with debts reaching €120million and still repoting loses on average €3.5million a month.

2 aircraft had been seized (TC-MSO and TC--MAO) earlier in the month.

Link shown below:

http://www.kthy.net/

hopefully a new invester can be found soon so the airline can resume operations soon.

23 replies: All unread, jump to last
 
User currently offlineoa260 From Ireland, joined Nov 2006, 27337 posts, RR: 60
Reply 1, posted (4 years 6 months 1 week ago) and read 6409 times:

Shame to hear that I flew BFS-AYT-ECN on them years back had great flights. I guess TK will step in to provide extra seats.

User currently offlineLAXintl From United States of America, joined May 2000, 26169 posts, RR: 50
Reply 2, posted (4 years 6 months 1 week ago) and read 6392 times:

Quoting tommy212 (Thread starter):
financial trouble for a few months now

Make that, for the best part of a decade instead!



From the desert to the sea, to all of Southern California
User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 3, posted (4 years 6 months 1 week ago) and read 6345 times:

Quoting tommy212 (Thread starter):
new invester can be found soon

Looks like Atlasjet is stepping in instead of Pegasus or TK.


User currently offlineuka330 From United Kingdom, joined Nov 2004, 73 posts, RR: 0
Reply 4, posted (4 years 6 months 6 days 23 hours ago) and read 6110 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Thats a real shame, i flew with them a few years ago from MAN. Also got my first go-around with them on the return journey.

User currently offlineUAL777UK From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 5, posted (4 years 6 months 6 days 11 hours ago) and read 5665 times:

Hmm, I must have been unlucky then. I flew them about three years ago from London to Cyprus and I thought ther flight was one of the worst I have ever taken. I have never seen such an unhappy crew.

That said they got me there safe and sound and I hope they manage to rise from the ashes.


User currently offlineBurkhard From Germany, joined Nov 2006, 4409 posts, RR: 2
Reply 6, posted (4 years 6 months 6 days 11 hours ago) and read 5628 times:

I flew on them MANY years ago around 1984, on a Caravelle. My last Caravelle flight.

User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 7, posted (4 years 6 months 6 days 10 hours ago) and read 5533 times:

Looks like they will sign the papers today to form a partnership with Atlasjet today and commence flights today. I don't know all the details but it is going to be 50.01 Atlasjet /49.99 KTHY for a duration of 5 years.
It will be under the name KTHY for the first 6 months and Atlasjet for the next 6 months, and a new airline name after that. There will be 3 Atlasjet and 2 KTHY members on the board and at the end of 5 years KTHY can choose to buy it back.
http://www.airkule.com/default.asp?page=haber&id=9101 (In Turkish)


User currently offlinetommy212 From United Kingdom, joined Oct 2005, 126 posts, RR: 0
Reply 8, posted (4 years 6 months 6 days 7 hours ago) and read 5300 times:

KK953/KK954 ECN-AYT-STN/STN-AYT-ECN is showing as operating into stansted today so hopefully things will be back up and running very soon, though a completely different business model will be needed as the current operations are an absolute shambles. if it wasnt for being a government backed airline they would have been under a long long time ago.

KTHY does operate some very niche flights for example the only airline to do direct flights to GZT, and they are very popular.

I heard rumors about Atlasjet takeing part of KTHY to keep operations going, there was also rumours of Pegasus Airlines also having an interest in KTHY.


User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 9, posted (4 years 6 months 6 days 7 hours ago) and read 5276 times:

Quoting tommy212 (Reply 8):
I heard rumors about Atlasjet takeing part of KTHY to keep operations going,

Sounds like a one deal:
http://www.worldbulletin.net/news_detail.php?id=60351


User currently offlineHumberside From United Kingdom, joined Dec 2005, 4927 posts, RR: 4
Reply 10, posted (4 years 6 months 6 days 6 hours ago) and read 5229 times:

I know they served LHR. Where their slots at valuable times?


Visit the Air Humberside Website and Forum
User currently offlinewing From Turkey, joined Oct 2000, 1575 posts, RR: 23
Reply 11, posted (4 years 6 months 6 days 3 hours ago) and read 5004 times:

Damn they owe me 10000 $. I hope Atlasjet help them to survive and they can pay me back  


Widen your world
User currently offlinerutankrd From United Kingdom, joined Sep 2003, 3038 posts, RR: 8
Reply 12, posted (4 years 6 months 6 days 2 hours ago) and read 4957 times:

Quoting Humberside (Reply 10):

Not particularly, they are

YK855/856 from/to Antalya arrives 1535 departs 1715 on Saturday only

YK837/838 from to Izmir arrives 1230 departs 1400 on Monday and Saturday

Pretty worthless really !


User currently offlineFlylot From United States of America, joined Dec 2007, 187 posts, RR: 0
Reply 13, posted (4 years 6 months 5 days 23 hours ago) and read 4456 times:

Quoting rutankrd (Reply 12):
Not particularly, they are

YK855/856 from/to Antalya arrives 1535 departs 1715 on Saturday only

YK837/838 from to Izmir arrives 1230 departs 1400 on Monday and Saturday

Pretty worthless really !


Any LHR slot is valuable. However these slots would be more valuable to an airline looking to add frequency rather than stand alone like the way KTHY used them.

How is reunification discussion going? also is Cyprus Airways allowed to work out of Ercan?

[Edited 2010-06-23 15:29:25]


"In Soviet Russia, airplane flies on you"
User currently offlineuka330 From United Kingdom, joined Nov 2004, 73 posts, RR: 0
Reply 14, posted (4 years 6 months 5 days 22 hours ago) and read 4403 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting UAL777UK (Reply 5):
Hmm, I must have been unlucky then. I flew them about three years ago from London to Cyprus and I thought ther flight was one of the worst I have ever taken. I have never seen such an unhappy crew.

Oh no, you wernt alone there, they really didnt seem happy at all. I thought it was just the outbound crew, but I was surprised that the return crew were just the same.  


User currently offlineCYatUK From United Kingdom, joined Apr 2006, 811 posts, RR: 0
Reply 15, posted (4 years 6 months 5 days 15 hours ago) and read 4234 times:

Quoting Flylot (Reply 13):
How is reunification discussion going? also is Cyprus Airways allowed to work out of Ercan?

Can't answer how the reunification discussions are going since both sides don't really reveal much to the public due to the ongoing negotiations.

Cyprus Airways and Eurocypria are not allowed to fly to ercan. in fact, they are not allowed to fly over Turkey at all hence the routing followed for European flights is usually at the edge of the Turking airspace.

I would think that, if a solution was found, CY and TK would both link Cyprus with IST (and possibly ESB).



CY@Uk
User currently offlineGAWZU From United Kingdom, joined May 2002, 235 posts, RR: 1
Reply 16, posted (4 years 6 months 5 days 10 hours ago) and read 4036 times:

Does anyone know what KTHY's very last service was?

I took this photo of TC-TCC arriving into Stansted on Monday night (operations were suspended later that night). Was the return service to Turkey their last?


User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 17, posted (4 years 6 months 5 days 10 hours ago) and read 4014 times:

http://www.kthy.net/
The flights on this website to be carried out by Atlasjet today, more flights tomorrow.

and more here:
http://www.hurriyetdailynews.com/n.p...-partners-with-atlasjet-2010-06-24


User currently offlineBennett123 From United Kingdom, joined Aug 2004, 7816 posts, RR: 3
Reply 18, posted (4 years 6 months 5 days 3 hours ago) and read 3812 times:

Does anyone know if their A310 is still sitting at IST?.

User currently offlineHumberside From United Kingdom, joined Dec 2005, 4927 posts, RR: 4
Reply 19, posted (4 years 6 months 5 days ago) and read 3645 times:

Quoting Flylot (Reply 13):
Any LHR slot is valuable

Most slots, but not all. For example a late night slot is pretty worthless since there are spare slots at this time



Visit the Air Humberside Website and Forum
User currently offlinegilesdavies From United Kingdom, joined Dec 2003, 3055 posts, RR: 2
Reply 20, posted (4 years 6 months 4 days 22 hours ago) and read 3571 times:

My mum flew out to Northern Cyprus on Wednesday, I don't have the flight number but the first two letters on the flight number were "PC", what airline prefix is this?

She flew out on the 12.50 flight from Stansted to Ercan and think is was via Istanbul...

I got a text from her confirming they got there with no problems and mentioned no airline issues.


User currently offlinerutankrd From United Kingdom, joined Sep 2003, 3038 posts, RR: 8
Reply 21, posted (4 years 6 months 4 days 17 hours ago) and read 3495 times:

Quoting gilesdavies (Reply 20):
My mum flew out to Northern Cyprus on Wednesday, I don't have the flight number but the first two letters on the flight number were "PC", what airline prefix is this?

She flew out on the 12.50 flight from Stansted to Ercan and think is was via Istanbul...

I got a text from her confirming they got there with no problems and mentioned no airline issues.

PC- is Pegasus Airlines


User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 22, posted (4 years 6 months 4 days 9 hours ago) and read 3326 times:

Latest news from Atlasjet, they walked away from the table, so no deal yet.

User currently offlineTK787 From United States of America, joined Jan 2006, 4478 posts, RR: 12
Reply 23, posted (4 years 6 months 4 days 7 hours ago) and read 3244 times:

Quoting TK787 (Reply 22):

Here is an English article on the latest:
http://www.hurriyetdailynews.com/n.p...-with-embattled-airline-2010-06-25


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