Did you know that the TRNC once owned an airline called Cyprus Turkish Airlines
Cyprus Turkish Airlines Limited (Turkish: Kıbrıs Türk Hava Yolları Ltd. Şti. (KTHY)) was a Turkish Cypriot airline that served as the flag carrier for Northern Cyprus.
Until its collapse in June 2010, Cyprus Turkish Airlines was the primary airline flying passengers to Northern Cyprus.
The airlines was established on 4 December 1974 in Lefkosa, with shares equally divided between Turkish Airlines and the Cash Development of the Consolidated Fund of the Assembly of the Turkish Cypriot Community (Konsolide Fonu Inkisaf Sandigi).
The first scheduled flight took place on 3 February 1975.
KTHY operated scheduled flights from Ercan, Northern Cyprus, to several cities in Turkey, the United Kingdom, and Western and Northern Europe.
Its main base was Ercan Airport in Lefkosa
The airline was de jure registered as a Turkish company in Istanbul.
Day-to-day operations were run from Ercan. All flights to Europe were required to make a stop at an airport in mainland Turkey.
In 2005, the Turkish government sold its shares to Ada Havayollari. By June 2010, KTHY had incurred a $100 million debt, and its management decided to sell the company to avoid bankruptcy.
The Turkish carrier Atlasjet was the only bidder.
On 21 June 2010, the airline announced via its website that it had ceased all operations until further notice. On 29 June 2010, it was announced that the airline had gone out of business.
Until its collapse in June 2010, Cyprus Turkish Airlines was the primary airline flying passengers to Northern Cyprus.
The airlines was established on 4 December 1974 in Lefkosa, with shares equally divided between Turkish Airlines and the Cash Development of the Consolidated Fund of the Assembly of the Turkish Cypriot Community (Konsolide Fonu Inkisaf Sandigi).
The first scheduled flight took place on 3 February 1975.
KTHY operated scheduled flights from Ercan, Northern Cyprus, to several cities in Turkey, the United Kingdom, and Western and Northern Europe.
Its main base was Ercan Airport in Lefkosa
The airline was de jure registered as a Turkish company in Istanbul.
Day-to-day operations were run from Ercan. All flights to Europe were required to make a stop at an airport in mainland Turkey.
In 2005, the Turkish government sold its shares to Ada Havayollari. By June 2010, KTHY had incurred a $100 million debt, and its management decided to sell the company to avoid bankruptcy.
The Turkish carrier Atlasjet was the only bidder.
On 21 June 2010, the airline announced via its website that it had ceased all operations until further notice. On 29 June 2010, it was announced that the airline had gone out of business.
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