Tag Archives: Cyprus Turkish Airlines

Turkish Airlines looking at the Airbus A380, profit nearly triples for 2014

Turkish Airlines (Turk Hava Yollari dba) (Istanbul) is looking at larger Airbus (including the A380) and Boeing aircraft as its traffic continues to expand according to this public disclosure. No decision has been made. Here is the airline statement:

“Our Incorporation has the talent to include any type of aircraft to its fleet and there are ongoing negotiations for all types of aircraft. As of today, there is no Board decision regarding the purchase or lease of an A380 aircraft. Turkish Airlines will not be operating an A380 aircraft in 2015.”

The airline continues;

“7 additional aircraft to enter the fleet in 2015 and the leasing of these aircraft are at the agreement stage. With the addition of these aircraft the 2015 year-end fleet will reach 300 and our traffic and financial guidance will be revised accordingly.”

Meanwhile on the financial side, net profit for 2014 increased to 1.82 billion lira ($723 million) from 683 million lira ($271.3 million) from the previous year.

Read the full financial report for 2014: CLICK HERE

Copyright Photo: Jay Selman/AirlinersGallery.com. Given the pictured Boeing 777-300 ER is the current main long-range aircraft for Turkish, the commonalty with the larger Boeing 747-800 could intrigue the Turkish decision makers. Given Boeing needs to keep open the 747-800 production line, pricing for the Jumbo could be very competitive versus Airbus for its A380. Boeing 777-35R ER TC-JJA (msn 35160) arrives at New York (JFK).

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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:

http://www.kthy.net/

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.

KTHY changes its brand to Cyprus Turkish

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Brand new Boeing 737-86N TC-CTA (msn 35643) taxies at Seattle (King County-Boeing Field) in the new look.  Copyright Photo: Rick Schlamp.

Brand new Boeing 737-86N TC-CTA (msn 35643) taxies at Seattle (King County-Boeing Field) in the new look. Copyright Photo: Rick Schlamp.

KTHY-Kibris Turk Hava Yollari (Ercan) has introduced a new color scheme and also changed it brand name to Cyprus Turkish Airlines. With the new livery, the company has removed the previous large “KTHY” titles.