AtlasGlobal

AtlasGlobal (until 31 March 2015 Atlasjet) is an airline headquartered in Istanbul, Turkey, which operates scheduled domestic and international passenger services as well as charter flights, mostly out of its base at Istanbul Atatürk Airport.

History

The airline was established on 14 March 2001 and started operations on 1 June 2001. Formerly known as Atlasjet International Airlines, it was set up as a subsidiary of Öger Holdings. In 2004 ETS Group acquired a 45% stake, which was increased to 90% in February 2006 following the taking over of Öger's 45% holding. The company is led by its CEO Orhan Coşkun had 730 employees (as of 2007).

In August 2012, AtlasGlobal Airlines contracted Ryan International Airlines, a US airline, to operate religious pilgrimage flights to cities such as Medina and Tel Aviv. In January 2013 AtlasGlobal failed to fulfill the payments to Ryan International, which prompted the termination of the co-operation without advance notice. Ryan International Airlines, already in a bankruptcy reorganization process, was not able to recover from the loss and therefore faced impending financial difficulties, which led to its liquidation.