Cyprus Turkish Airlines (YK, Lefkosa) is to be replaced with a new Turkish-Cypriot flag carrier, Karpas Airlines (Lefkosa). According to the Star Kibris newspaper, Buran Atakan, the chairman of Have-Sen, Cyprus Turkish Airlines' union, stated that the new carrier will start operations in April. Formerly KTHY - Kibris Turk Hava Yollari (YK, Lefkosa), Cyprus Turkish Airlines collapsed in 2010 weighed down by more than USD100million in debts.