Turkish airline AtlasGlobal has suspended flights until Dec. 26 over cash flow issues caused by this year’s move to the new Istanbul Airport, the airline said in a statement on Tuesday.
“With the transfer of flights to the new Istanbul airport from April 2019, there has been a sharp rise in logistics and operational costs, making it impossible to make up for our losses recorded in the 2016-17 period,” Reuters quoted the airline as saying in a statement.
A statement on AtlasGlobal’s website on Wednesday said the airline had “entered a new phase of restructuring in order to provide you a unique flight experience.”
Ticket sales through all channels have been suspended until Dec. 16, the date when the airline has pledged to announce procedures regarding “involuntary change and/or refund.”
Turkey’s Ministry of Transport and Infrastructure will closely monitor the provision of compensation to passengers affected, Turkey’s state-run Anadolu news agency reported.
All commercial passenger flights were transferred from Istanbul Atatürk Airport to the newly built Istanbul Airport in April.
The new airport, one of President Recep Tayyip Erdoğan’s trademark megaprojects, is designed to accommodate 200 million passengers a year once fully complete in 2025.