Türkiye's 29-Year-Old Bus Company on the Verge of Bankruptcy - Sözcü Newspaper
13 Articles
13 Articles
VIB Turizm, one of Turkey's leading road transport cooperatives, which has been operating hourly services continuously for 29 years, has entered a financial crisis. Due to these financial difficulties, the court has granted the company and its board of directors a temporary moratorium of three months.
Sakarya VIB Turizm, a 29-year-old bus company based in Sakarya, entered a financial bottleneck and requested a concordat. Sakarya Asliye Commercial Court appointed a 3-person commission of commissioners by issuing a 3-month temporary respite order on the long-established cooperative that lifts buses by the hour.
A concordat decision has been issued for VİB Turizm, a Sakarya-based company that has been operating in intercity passenger transportation for 29 years. The Sakarya Commercial Court granted the company a temporary concordat moratorium of 3 months. It was also observed that the company did not declare its taxable income for the years 2024 and 2025 on its tax return.
Economy - A concordat decision has been issued for VIB Turizm, a Sakarya-based company that has been operating in intercity passenger transportation for 29 years.
A court has granted a concordat order to VİB Turizm, a 29-year-old brand in road passenger transportation. The Sakarya-based cooperative, which provides intercity scheduled passenger transportation, has been granted a temporary concordat period of 3 months.
A critical decision has been made regarding VİB Turizm, a long-established intercity passenger transportation company based in Sakarya, in its concordat proceedings. The Sakarya Commercial Court of First Instance granted the company, which has been operating for approximately 30 years, a temporary concordat period of 3 months and appointed three concordat commissioners to oversee the process.
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