and its UK tour operator, CTA Holidays Limited, argued that the ban unfairly restricted Turkish Cypriots and their companies wishing to travel and conduct business with the EU and the rest of the world.
Protesting group requested the restart of the flights in (KTHY
) otherwise, they requested their Money which they had given ticket before from the company.
In his speech he sadi a new era had begun for the KTHY
. After establishment of the new company, the KTHY
would begin flying as the 'New Cyprus Turkish Airlines'.
The announcement came despite mounting protests that culminated on Wednesday in the bizarre theft of Atlas Air's written partnership proposal from the KTHY
offices in the north of Nicosia.
On October 21, Lefkosa Court decided liquidation of KTHY
which made a bankrupt decision due to financial crisis.
The move came on Monday, when Turkish Technics, a Turkish-based maintenance company linked to the Turkish national carrier Turkish Airlines (THY), called in a long-standing debt, affectively freezing KTHY
Ozgurgun said staff of the new company would be chosen from former employees of KTHY
. He said nearly 50 people per aircraft would be hired for the new company.
On Wednesday, KTHY
board had decided to go to court, seeking bankruptcy, a move that came after grave financial troubles.
It said it welcomed the initiative of the Turkish Cypriot Airlines (KTHY
) and CTA Holidays to appeal the decision at a higher court noting that the lawsuit was crucial for the removal of the isolation on TRNC.
Direct flights between TRNC and British airports would have a symbolic importance for TRNC, KTHY
's lawyers said.
LEFKOSA, Oct 5, 2010 (TUR) -- Turkish government and Turkish Republic of Northern Cyprus (TRNC) agreed to establish a new airlines company which will replace KTHY
, TRNC's flag carrier that faced financial difficulties, Turkish Cypriot Transportation Minister said on Tuesday.
LEFKOSA, Jul 5, 2010 (TUR) -- Unions in Turkish Republic of Northern Cyprus (TRNC) which oppose to the partnership agreement of the Turkish Cypriot National Airlines (KTHY
) and government's economic measures, are on a strike on Monday.