Turkish carrier Atlas Global Airlines has announced that it’s temporarily suspending all its flights until Dec. 21, citing financial difficulties.
“In order to ensure the necessary restructuring and improvement in our cash flow, we would like to inform you that we had to suspend all of our flights until Dec. 21 as of Nov. 26,” the statement sent to the press by the company read on Nov. 26, adding that Turkey’s economy and moving to Istanbul’s new airport created a burden.
“The recent problems and the economic burden it brought about, as well as the major increase in logistic and operational costs stemming from moving to the new airport in April removed our possibility of making up for the costs we suffered in 2016/2017,” the statement said, referring to the deterioration of Turkey’s tourism sector following bomb attacks by ISIS and the Kurdistan Workers’ Party (PKK) that took place between 2015 and 2017, as well as the July, 15, 2016 failed coup attempt.
The company released another statement on Twitter, saying “we have entered a new phase of restructuring in order to provide you a unique flight experience.”
“During this period, all flight irregularities on the tickets until the 15th of December 2019 will be assessed by our teams,” Atlas said.
Following the announcement, the Transport and Infrastructure Ministry said that it will closely monitor if the company refunds tickets customers bought during the period.
The ministry added that the company will determine and compensate passenger-related issues by Dec.15.