Atlasglobal, which has blood ties with Minister of Culture and Tourism Mehmet Nuri Ersoy, has addressed the problems it is experiencing. Of the nearly thirty airlines that went bankrupt was one of them.

What went wrong in Atlasglobal’s story, from its founding to its collapse? For those who do not know the reasons for bankruptcy We open the black box.

Atlasglobal has been active since 2001.

The company was founded on March 14, 2001 by Öger Holding AŞ under the name Atlasjet and incorporated on June 1, 2001. It took to the air for the first time in 2001. Atlasglobal quickly added new aircraft to its fleet and began restructuring in 2004.

With this innovation domestic and international lines Atlasglobal, which is licensed to carry passengers and cargo on both scheduled and non-scheduled flights, began scheduled domestic flights in July of the same year.

IATA memberAtlasglobal, registered with IOSA, had gradually grown into a scheduled airline and increased the number of flights to 80 percent.

Shares were transferred, name changed.

In 2006, Öger Group’s 45 percent shares in Atlasglobal were acquired by Etsgroup and he became chairman of the board of directors. Murat Ersoy, twin brother of Turkish Minister of Culture and Tourism Mehmet Nuri Ersoy was brought.

Furthermore, Etsgroup acquired the remaining shares of the airline in 2006. In 2015 with the corporate identity renewal Atlasjet became Atlasglobal.

Problems both within themselves and in tourism led to the end of Atlasglobal.

In addition to the pandemic, the terrorist threat in the tourism sector at the time and travel warnings to Turkey also caused problems for the company. What happened to Russia plane crash crisis In fact, it affected other airlines, as well as Atlasglobal.

in the field of tourism need for moneyraised allegations that Atlasglobal was in talks with foreign funds due to the limited increase in airline tickets at rising costs and the increasing number of airlines.

Two events that occurred in 2007 put Atlasglobal in even more trouble.

The first of these was the one that went to Istanbul from the Turkish Republic of Northern Cyprus on August 18. The plane was hijacked by 2 people. On November 30, 2007, the plane that wanted to land from Atatürk Airport flew to Isparta Süleyman Demirel Airport crash into the mountain happened. The accident killed 57 people, including the crew.

In 2019, the footsteps of bankruptcy began to appear.

When the dates showed November 26, 2019, Atlasglobal announced in a statement that it would be valid until December 21, 2019. has temporarily suspended its activities told. While passengers were given a contact number for the tickets purchased, a message was sent to their employees and they were told that they would be on leave until December 16.

Atlasglobal has also disclosed this outage to its business partners. The reasons are the negativity of the pandemic and the problems associated with it. It was an economic burden. It was said that the huge increase in logistics and operational costs could not compensate for the losses of 2016/2017 in a timely manner. This pause was given for necessary restructuring and improvement of the company’s cash flow.

There were two charges following the incident. One was that Atlasglobal needed $50 to $60 million to get through the painful process. The other is that the company and some of its employees was that he did not pay their salaries.

Atlasglobal was faced with bankruptcy shortly afterwards.

The company started flights on the mentioned date, but on February 14, 2020, a statement came from the Directorate General of Civil Aviation announcing that Atlasglobal would stop its flights and he wants bankruptcy specified.

During the hearing on June 17, 2021, the bankruptcy of Atlasglobal was decided, but this was later referred to the Court of Appeal by the interveners. The bankruptcy decision was annulled, but the commercial court that made this decision ruled the company bankrupt again on January 19, 2023. Two bankruptcies at the same time Thus ended Atlasglobal’s adventure above the clouds.

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