tommy212 From United Kingdom, joined Oct 2005, 131 posts, RR: 0 Posted (5 years 1 month 1 week 3 days 21 hours ago) and read 6875 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.
TK787 From United States of America, joined Jan 2006, 4717 posts, RR: 11
Reply 7, posted (5 years 1 month 1 week 3 days 7 hours ago) and read 5953 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)
tommy212 From United Kingdom, joined Oct 2005, 131 posts, RR: 0
Reply 8, posted (5 years 1 month 1 week 3 days 3 hours ago) and read 5720 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.
uka330 From United Kingdom, joined Nov 2004, 78 posts, RR: 0
Reply 14, posted (5 years 1 month 1 week 2 days 19 hours ago) and read 4823 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.
CYatUK From United Kingdom, joined Apr 2006, 812 posts, RR: 0
Reply 15, posted (5 years 1 month 1 week 2 days 12 hours ago) and read 4654 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).