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AtlasGlobal Goes Bankrupt, Ceases Operations

AtlasGlobal Goes Bankrupt

AtlasGlobal declared bankruptcy and ended its operations after a long period of financial struggles. General Coordinator of the airline Orhan Sancar shared the news on his Facebook page saying "Goodbye" with an image of AtlasGlobal aircraft. 

atlasglobal Goes BankruptMr. Sancar said, "The company stopped its flights and parted ways with all employees".

Istanbul-based AtlasGlobal, named Atlasjet until 31 March 2015, was recently facing financial difficulties. On 26 November 2019, AtlasGlobal announced a temporary suspension of all flights due to a restructuring of the airline. It was further announced that all ticket sales would be suspended until 16 December 2019 with flights planned to resume by 21 December. 

On 16 December 2019, Atlasglobal resumed scheduled flight operations, five days ahead of its previously announced return. Throughout the suspension, it had maintained charter services, with two A321s serving domestic Turkish destinations as well as Tehran and Baghdad. In a statement to the Sabah news agency, Atlasglobal said its revised business plan will see it focus more on charters as opposed to scheduled flights. It did not disclose which routes would be dropped as part of the adjustment.

On 18 January 2020, the airline announced it would be suspending operations again, until 9 February 2020. On 12 February 2020, Atlasglobal filed for bankruptcy and halted its operations immediately.

 

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