Cyprus Turkish Airlines "grounded while insolvent"

News is coming from Cyprus44 Bulletin Board that CTA has finally been grounded, leaving passengers stranded. Today’s Ercan to London Stansted flight has definitely been cancelled as has the 12:30 Stansted to Ercan flight. No official news has come out about the grounding but according to a Turkish news item CTA’s aeroplanes have been confiscated because the company is insolvent.

Google Translation of article

“Cyprus Turkish Airlines (KTHY) flights, the Turkish General Directorate of Civil Aviation is stopped by the three month period, an aircraft was confiscated. Debts falling due to the difficult situation of Cyprus Turkish Airlines was a blow to the Directorate General of Civil Aviation. Turkish planes were registered by the Civil Aviation KTHY’s not healthy business yesterday with the idea of flight was stopped in the evening. Moreover, the Directorate General of Civil Aviation, to fulfill their obligations on a plane seized in KTHY not been announced. Cyprus Turkish Airlines owes more than $ 100 million as stated.”

Sources
www.haberoku.net
www.cyprus44.com

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