The Turkish civil aviation authority (Sivil Havacılık Genel Müdürlüğü - SHGM) has confirmed that AtlasGlobal (KK, Istanbul New) has indeed terminated operations as of Wednesday, February 12.

Following numerous press reports, none of which was ever officially confirmed or denied by the airline, the SHGM said in a statement on Friday that AtlasGlobal had filed for bankruptcy as a result of financial constraints.

The newspaper Cumhuriyet said last week that AtlasGlobal had debts of around USD200 million dollars owed to various creditors of which USD100 million is due to banks. In contrast, the remainder is owed to Istanbul New and Antalya airports, fuel companies, Eurocontrol, and employees.

Flightradar24 ADS-b data shows the privately-owned carrier's last two remaining aircraft, A321-200s TC-AGG (msn 806) and TC-ATF (msn 761), are currently at Istanbul New awaiting return to their owner Carlyle Aviation Partners.

No official statement regarding the fate of AtlasGlobal UA (UH, Lviv) has yet been made. The Ukrainian carrier suspended flight operations in November last year after its two A320-200s were repossessed.