Originally Posted by
TBSC
Title says it all. The whole fleet of Pegasus Airlines (24 A320s and 58 B738s) is offered for weat-lease available immediately. I knew it's bad in Turkey but not this much...
Not surprised. Turkish tourism is down more than 30%, with occupancy rates around 40%. For a tourist operator, that is a big hit. And you can bet that holiday costs have been considerably reduced, to attract customers, which again reduces the profitablity of those who do go.
Hurriet News item.
http://www.hurriyetdailynews.com/foreign-tourist-arrivals-to-turkey-plummet-after-bomb-attacks-russia-crisis-and-coup-attempt.aspx?pageID=238&nID=103411&NewsCatID=349
But who would want a wetlease from Turkey? Hardly a reputable region to get aircraft and crews from - some of the worst standards I have seen in aviation. Did you know that no T captain has ever made a mistake - apparently? I heard it many times.
S