Liquidation proceedings begin for the company after years in operation
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A Turkish airline has announced its official bankruptcy after 24 years of operation, with liquidation procedures now underway.
The bankruptcy move comes after accumulated financial losses and economic pressures on the sector. The company will now begin procedures to liquidate its assets.
A Turkish airline that operated for 24 years announced its official bankruptcy and entered liquidation. The move comes amid severe economic pressures on the aviation sector due to rising operational costs, fuel prices, and intense competition.
The bankruptcy threatens hundreds of employees with job losses and affects passengers who may have pending flight tickets or reservations. The company's closure reflects a genuine profitability crisis in the aviation sector that impacts travel options and prices in the Turkish market.

Mehmet Yılmaz