Turkey's Onur Air was once a well-known brand in the airline sector. As a result of long-standing financial problems, the company declared bankruptcy in November 2025. This event had severe consequences for the company's employees and the sector as a whole.
Redaksiya reports that Onur Air declared bankruptcy on November 5, 2025, by a decision of the Istanbul, Bakırköy 2nd Civil Court of Commerce. The company's bankruptcy was the result of long-standing financial difficulties. The airline had ceased its flights years ago and has now officially begun the liquidation process.
The reasons for Onur Air's bankruptcy were diverse. Factors that worsened the company's financial situation included high fuel costs, increased competition, and economic recession. These problems reduced the company's revenues and created difficulties in paying its debts. The company's owner and board of directors could not overcome these difficulties, and as a result, the bankruptcy decision was made. The bankruptcy decision meant unemployment for the company's employees and financial losses for investors. It also led to significant changes in the airline sector, as Onur Air's exit from the market altered competition. The company's bankruptcy once again demonstrated the importance of financial management and risk management in the airline sector.
Onur Air's bankruptcy marked the end of the company's many years of operation. The company's liquidation process will be carried out with the aim of protecting the rights of creditors and other interested parties. The results of this process may vary depending on the value of the company's assets and the amount of its debts. Onur Air's bankruptcy went down in history as an example of the changes and financial problems occurring in the airline sector.