Cyprus Turkish Airlines suspends all operations
Cyprus Turkish Airlines (Kibris Hava Yollari-KTHY) (Ercan) suspended all operations on June 21, 2010 due to mounting debts.
The airline announced the suspension on its website:
Trying to avoid filing for bankruptcy, the company had previously decided to sell the company this month. Atlasjet was the only bidder and did purchase a 50.1 percent share in the company on June 23. Atlasjet intends to restart operations with a new AOC.
The airline of the Turkish portion of Cyprus launched scheduled operations on February 3, 1975.
Copyright Photo: Rick Schlamp. The company updated its livery in 2009 with this new look. Boeing 737-86N TC-CTA (msn 35643) taxies past the camera at Seattle (Boeing Field-King County) before it was delivered on April 30, 2009.