20.04.2026 21:21
Onur Air, one of Turkey's aviation giants, has officially declared bankruptcy after a 34-year journey. The company, which once flew to over 120 destinations in 25 countries, could not overcome the financial turbulence caused by the pandemic. With the court's final decision, the company's bankruptcy has been confirmed, and commercial activities at its headquarters in Yeşilköy have been halted. With the initiated liquidation process, the remaining assets will be converted into cash for creditors.
One of the first brands that comes to mind when talking about private aviation in Turkey, Onur Air, which has a history of 34 years, has reached the end of the road. In the ongoing legal process, the court made its final decision and officially declared the bankruptcy of the giant company.
FLYING TO OVER 120 DESTINATIONS IN 25 COUNTRIES
Founded in 1992, Onur Air has been etched in memory as one of the pioneering actors in private aviation in Turkey. Especially after the opening of domestic flights to private enterprises in 2003, the company, which accelerated its pace, was once the shining star of the sector with a fleet of 29 aircraft and over 1,600 personnel. The company, which connected thousands of passengers with the sky, was operating flights to over 120 destinations in 25 countries.
FINANCIAL TURBULENCE CAUSED BY THE PANDEMIC COULD NOT BE OVERCOME
The company's decline accelerated with the pandemic that shook the entire world. Onur Air completely suspended its operations in 2021 and could not overcome the financial turbulence created by the global crisis. Although exit strategies were sought from the financial bottleneck, economic difficulties did not allow the resumption of operations.
FINAL DECISION IN LEGAL PROCESS: BANKRUPTCY DECLARED
The previous decision regarding the company's bankruptcy was overturned by the appellate court, and the file was sent back to the Bakırköy 1st Commercial Court for re-examination. The court, which re-examined the file, put an end to the matter as of April 16, 2026. With the decision published by the Bakırköy 1st Enforcement and Bankruptcy Directorate, the company's bankruptcy became official.
THE CENTER IN YEŞİLKÖY WAS LOCKED, LIQUIDATION BEGAN
Following the court's decision, all commercial activities at Onur Air's headquarters in Yeşilköy were officially terminated. A process was initiated to convert the remaining assets of the company into cash to compensate for the creditors' losses.