ANKARA, Nov 26 (Reuters) - Turkish airline Atlasjet has suspended its flights as of Tuesday till De
ANKARA, Nov 26 (Reuters) – Turkish airline Atlasjet has suspended its flights as of Tuesday till Dec. 21, saying the switch of flights to Istanbul’s new airport had brought on it money move issues.
“With the switch of flights to the brand new Istanbul airport from April 2019, there was a pointy rise in logistics and operational prices, making it unattainable to make up for our losses recorded within the 2016-17 interval,” the assertion stated.
The corporate additionally cited decrease demand for its flights within the second half of 2018 because of the “quick and aggressive” depreciation of the Turkish lira.
The forex is down 8.5% this 12 months after shedding practically 30% final 12 months.
Atlasjet stated the suspension would permit time for the required restructuring and enchancment in its money move.
Atlasjet affords scheduled flights for passengers and cargo and operates home and worldwide routes to Europe, Russia, Kazakhstan, Germany, and the United Arab…