AtlasGlobal

2001 - 2020
dead tr
the reason the airline gave when it stopped flying in november 2019 was the cost of operating out of istanbul's new airport, on top of a currency that had been falling for two years. it came back three weeks later and stopped again on 7 january 2020. the a330s went back to their lessors at the end of that month and the airline asked to be declared bankrupt on 12 february. founded by vural öger in 2001 as atlasjet, sold to murat ersoy's ets group in 2006, renamed for a global ambition in 2015. the court of cassation finished confirming the bankruptcy in july 2024.

~ the obit ~

Domestic flying in Turkey used to be something you did when the bus was out of the question. That changed in the 2000s, when private carriers were let onto the domestic map and fares came down far enough that a flight from Ankara to Istanbul stopped being a decision you thought about for a week. Atlasjet was part of that opening. It was registered on 14 March 2001 by Vural Öger's holding company, the Hamburg travel operator whose name was on half the charter packages bringing Germans to Antalya, and it flew for the first time on 1 June 2001.

Murat Ersoy came in as a partner in 2004 and his ETS Group bought the whole airline in 2006, which put a tour operator in charge of a scheduled carrier. That worked for a while. The airline flew Airbus narrowbodies out of Istanbul Atatürk on European routes with a leisure spine underneath them, and in 2015 the Atlasjet name was retired in favor of AtlasGlobal, on the reasoning that the old one sounded too much like a budget airline for the network it wanted to run.

Then the currency turned. An airline earns in lira on the domestic side and pays for leases and fuel in dollars, so a lira that loses half its value against the dollar does the damage before anything else gets a chance to. On 26 November 2019 AtlasGlobal suspended all flights, naming the economic situation and the cost of operating out of Istanbul Airport, the new one the whole industry had moved into that April. It resumed on 16 December and stopped again on 7 January 2020. Two A330-200s went back to their lessors on 29 January, and on 12 February the airline halted everything and went to court for bankruptcy.

~ the rap sheet ~

Born14 March 2001 as Atlasjet, first flight 1 June 2001
Peak2015, renamed AtlasGlobal with a European and Middle Eastern network out of Atatürk
Killed12 February 2020, flights halted and bankruptcy requested
Lifespan18 years
Made byVural Öger's holding company, then Murat Ersoy's ETS Group from 2006
Killed bycosts at Istanbul Airport against a lira that would not stop falling

~ how it flew ~

It was the middle option, and the middle is a bad place to stand in aviation. Turkish Airlines had the flag and the hub, with the state standing behind both. Pegasus had the low-cost model and ran it properly. AtlasGlobal sat between them with a leisure-heavy network and a cost base closer to the flag carrier than to the discounter, selling on service rather than on price to a market that turned out to be shopping mostly on price.

~ the two groundings ~

The November stoppage was announced as temporary and restructuring-related, and the airline genuinely did come back three weeks later, a few days earlier than it had promised. Tickets sold in that window were sold by a company that had already told the public it could not cover its costs, which is the part that reads badly now.

The second stop on 7 January was supposed to run to 9 February. It ran to 12 February, which is the day the flights ended for good. The Directorate General of Civil Aviation confirmed the halt and the press carried the bankruptcy application on 14 February. The legal process then ran for four and a half years, with the Court of Cassation confirming the bankruptcy in July 2024.

~ what is left at the gate ~

Passengers holding tickets found out the usual way, which is at the airport. Crews and ground staff were left chasing wages through the bankruptcy estate, and Turkish labor groups spent much of 2020 asking publicly who exactly had ended up with the money. The aircraft went back to lessors who had no trouble placing them elsewhere, because a leased A320 is worth the same in Poland as it is in Istanbul.

What is genuinely gone is the third option. After 2020 a Turkish passenger going to Europe chose the flag carrier or the low-cost one, and that is still roughly the shape of the market today. Onur Air, the other private carrier from the same generation, stopped flying in 2023 for its own reasons.

The Atlasjet years are the ones worth remembering, because that was the period when a domestic fare out of Ankara got cheap enough to compete with an overnight bus, and this airline was one of the reasons. The 2015 rebrand was aimed at a passenger who would pay more for the same ninety minutes. Turkey's domestic market had been built by people doing the opposite arithmetic, and there were never enough of the other kind.

~ leave a rose ~

an anonymous tribute. one rose per visitor per day.

@}-->-- ... roses left here

~ leave a wreath ~

a rose fades by morning. a wreath stays on this grave for good, with your name on it.

from $1, paid once through stripe. it keeps the graveyard running: the hosting and the nightly digging. adopt it and the headstone reads "maintained in memory by" you. the groundskeeper plants new wreaths at the next tending, usually within a day.

» one email a week: new graves and the anniversaries of the dead. subscribe

~ leave a note ~

visitors before you have left these graveside notes. anonymous welcome.

other dot com: TWA, MSN Autos, Builder.ai, Jet Airways

also died in the 2020s: Smiley Central, Twitch Sings, Peloton Guide

« previous  ·  random  ·  next »