The story
Early years
The airline was founded in 2008 by Yalcin Ayasli, a Turkish businessman living in the US. Fatih Akol is chairman of the board. The company rented a hangar at Atatürk International Airport, Istanbul and then purchased three second-hand ATR 72-500 turboprop aircraft, which were delivered at the beginning of 2010.
Borajet received its "Regional Airline Operations License" on 22 April 2010 and started operations on 7 May 2010 with its first flight from Istanbul to Tokat.
In 2014, Borajet agreed a deal to lease five Embraer 190 aircraft (with options on a further three) from GE Capital Aviation Services. In October 2016 Borajet announced long-term lease deals with AerCap for three Embraer 190-E2 and two Embraer 195-E2 aircraft, with deliveries to begin in 2018. In January 2017 the airline was sold to Sezgin Baran Korkmaz for 260 Million Dollars.
Suspension of operations
On 24 April 2017, Borajet announced that they will temporarily suspend their operations and 30,000 existing flight reservations would be transferred to Turkish Airlines. The airline stated maintenance issues as a reason for this move and plans to resume operations sometime during 2018 when Istanbul's new international airport becomes operational. In June 2017, a Turkish court ordered that seven aircraft of the company are to be seized.
As of January 2021, the airline did not resume its operations.
From Wikipedia’s article on Borajet, shared under CC BY-SA 4.0.4
