A Decision Has Been Made Regarding the 51-Year-Old Turkish Bus Company on the Verge of Bankruptcy - Sözcü Newspaper.
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14 Articles
Following a temporary moratorium, a one-year definitive moratorium has been granted to Kale Seyahat and some companies within its group.
Kale Seyahat, a well-known company in the intercity passenger transportation sector founded in 1975, and some of its group companies have entered a new phase in their concordat process. The court converted the previously granted temporary moratorium into a one-year definitive moratorium. The date for the hearing where the final decision will be made for the companies under concordat has also been set.
Kale Seyahat, founded in 1975, has been granted a one-year moratorium following a temporary concordat process. The decision of the Tekirdağ Commercial Court of First Instance included Kale Seyahat, its affiliated companies, and Cemal Alirıza Çelebi. 🚆
A critical court decision has been issued regarding Kale Seyahat, one of Turkey's long-established bus companies, and its affiliated companies. The 51-year-old firm and its group companies, which have been operating since 1975, have been granted a definitive one-year grace period, effective from September 17, 2026.
The court has announced its decision in the concordat case of Kale Seyahat, a travel giant with half a century of history, and its affiliated companies. The temporary moratorium period was converted into a one-year definitive moratorium, and the hearing of the case was postponed to December.
Kale Seyahat, Türkiye's renowned intercity bus company founded in 1975, and some of its group companies have been granted a one-year moratorium in their bankruptcy proceedings.
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