BREAKING: AtlasGlobal declares bankruptcy
The Turkish airline AtlasGlobal declared bankruptcy and ended its operations after a long period of financial struggles.
During a corporate meeting, employees were told not to come back the next day, as the company was now bankrupt. Ticket sales and flight operations were immediately interrupted.
In recent months, AtlasGlobal had reduced operations due to its financial problems, with all flights to Europe suspended until Spring 2020. In December 2019, the airline halted flights for a month. The carrier re-launched regular flights on December 21, 2019.
The airline was established in March 2001, and operated an all-Airbus fleet of 16 planes on a network of 50 routes towards Europe, the Middle East and the Persian Gulf.
It is the second company to collapse in two days, after Air Italy announced it would enter liquidation on February 11, 2020.