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Airlines

Name: BORA JET AIRLINES
7JetSet7 Code: BOJ
Status: Currently Not Operational
Region: EUROPE
City: ISTANBUL
Country: TURKEY
Employees 550
Web: borajet.aero
Email: info@borajet.aero
Telephone: +90 212 465 2878
Fax: +90 212 465 2882
Sita:
Background
(definitions)

Click below for data links:
BOJ-2015-10 - Cologne-Bonn to Turkey.jpg

Formed in 2008 and started operations in 2010. Formerly Bora Jet Executive Charter. A K A Bora Jet Havacilik Tasimacilik Ucak Bakim Onarim Ve Ticaret A S. Domestic, regional & international, scheduled & charter, passenger & cargo jet airplane services.

Address:
Ataturk Havalimani E Kapisi
Apron 14 Hangar 11
Sefakoy, TR-34295 Istanbul, Turkey

April 2008: Initially, BoraJet (BOJ) specialized in providing executive jet charter services.

May 2010: BoraJet (BOJ) was awarded a regional air operations license by the Turkish Civil Aviation Authority and began regular operations. (BOJ) initially linked 11 destinations with a fleet of 4 66Y passenger ATR 72-500s.

December 2010: BoraJet (BOJ) began operating domestic wet-lease services on behalf of Anadolu Jet using 2 ATR 72s.

September 2014: Bora Jet (BOJ) is an Istanbul Ataturk-based start-up charter regional airline which also operates scheduled domestic passenger and cargo service.

(IATA) Code: BJ. (ICAO) Code: BRJ.

Parent organization/shareholders: Privately owned (100%).

Main Base: Istanbul Atatturk International Airport (IST).

Hubs: Antalya International Airport (AYT); Ankara Etimesgut Airport (ANK).

October 2014: (GE) Capital Aviation Services Limited (GECAS) (GEF) announced the delivery of an Embraer E190 to BoraJet Airlines (BOJ) to help (BOJ)’s fleet expansion. This is (GEF)’ 1st transaction with Bora Jet (BOJ).

Bora Jet (BOJ), based in Istanbul, operates a fleet of 6 Embraer E190s to destinations throughout Turkey.

August 2015: Turkish regional carrier, Bora Jet (BOJ) has taken delivery of 3 Embraer E195s from the Regional Aircraft Group of (GECAS) (GEF), the leasing and financing division of (GE).

Bora Jet (BOJ)’s base is Istanbul Sabiha Gökçen International Airport (SAW). It operates a fleet of 14 aircraft to 19 cities. (BOJ) also agreed to purchase 4 E190s last year.

September 2015: Bora Jet Airlines (BOJ) began flights from Istanbul Sabiha Gökçen (SAW) on September 4th to Batumi (BUS). The seaside city of Batumi sits on Georgia’s Black Sea coast and is the capital of Adjara, an autonomous republic in the SW of the country. (BOJ) will operate services 3x-weekly, using its E190 and E195 fleet. There is currently no direct competition on the 1,032 km airport pair, although Turkish Airlines (THY) does offer a daily service on the city pair, but operated from its Istanbul Atatürk hub.

October 2015: Bora Jet Airlines (BOJ) has started 2 new services from Turkey to Cologne Bonn (CGN). Launched on October 25, the 2,322 km route from Ankara (ESB) will be served weekly (Sundays). This sector will face competition from germanwings (RFG) and Pegasus Airlines (PGS), which both fly weekly services too. Started the next day, the 2,029 km route from Istanbul Sabiha Gökçen (SAW) will be operated 4x-weekly. This city pair will again face competition from (RFG) and (PGS), but also from Turkish Airlines (THY) too. Both routes are operated by (THY)’s E190s.

October 2016: Turkish regional Bora Jet Airlines (BOJ) is to take 3 Embraer (EMB) E190-E2s and 2 E195-E2s on long-term lease from Irish lessor AerCap (DEA).

“(BOJ)’s future plans include the addition of further next generation Embraer (EMB) aircraft to our fleet. Our target investment is $1.5 billion. The 1st step of our investment is the induction of the 5 E-Jets E2s,” (BOJ)'s Chairman Fatih Akol said, announcing the deal on October 6 at the Istanbul Airshow.

Istanbul-based Bora Jet (BOJ) already operates 7 E190s and 6 E195s. Akol said he selected the E2 because of how well the 1st generation E-Jets fit with (BOJ)’s strategy.

AerCap (DEA) is the launch lessor for the E2, with 50 E190-E2s and E195-E2s on order. The 1st E2 will be delivered to (BOJ) in 2018.

January 2017: Turkish regional carrier Bora Jet (BOJ) has been acquired by Istanbul-based investment group (SBK) Holding for $258 million, after it bought the shareholding of (BOJ)’s Founder Yalcin Ayasli.

(BOJ) operates a fleet of 7 Embraer E190s and 6 E195s to domestic destinations, as well as to 80 cities throughout Europe, Iran and Iraq. It also operates several executive jets on charter services.

In October 2016 it announced it would be leasing 3 E190-E2s and 2 E195-E2s in a deal involving Embraer (EMB) and lessor AerCap (DEA). The new aircraft are scheduled to arrive from 2018.

(SBK) Holding is a specialist in what it describes as distress asset management, with investments in several sectors including energy, pharmaceuticals and tourism. Bora Jet (BOJ) will be its 1st venture into commercial aviation, although it said January 6 it was keen to expand in the sector.

(SBK) Holding Vice-chairman Umut Suna Uygun said (BOJ)’s financial position had attracted (SBK)’s attention: “We love challenge. We are very successful in turnaround stories.”

Uygun added that (SBK) appreciated that Bora Jet (BOJ) was a small operation that did not have a significant impact in the airline industry but, “We are a young and ambitious organization and willing to increase our asset in this industry.”

The 1st objective was to restructure the airline, which had had “management issues” over the past 3 to 4 years, Uygun said. It had already started to recruit new staff who could aid in a turnaround and it was focused on decreasing costs.

(SBK) also aimed to improve the passenger experience at (BOJ) and to add new sales channels.

April 2017: Turkish regional carrier Bora Jet Airlines (BOJ) suspended operations April 23, citing maintenance issues, but said it plans to resume operations by the time the new Istanbul airport opens in 2018.

(BOJ) said 30,000 passengers were affected and have been reportedly redirected to Turkish Airlines (THY).

(BOJ)’s fleet comprises 8 Embraer E190s/E195s, 1 Global XRS and 1 Hawker 900 X executive jet.

4 Embraer jets are out of order because of missing spare parts, Istanbul-based aviation expert Tolga Ozbek said. “3 Embraer aircraft will be returned to their leasing companies. In Turkey, there is a rule that an airline must have a minimum of 3 aircraft to operate charter flights; for scheduled flights, at least 5 aircraft,” Ozbek said.

The 2 executive jets and 1 Embraer will continue to operate charter flights.

In January, (BOJ) was acquired by Istanbul-based investment group (SBK) Holding for $258 million, after it bought the shareholding of (BOJ)’s Founder Yalcin Ayasli.

“The company has debts to airport operators, fuel, handling and catering companies. However, (BOJ) has been able to pay salaries,” Ozbek said, confirming (BOJ) plans to resume scheduled operations after reorganizing its fleet in 2018. “The plan is then to operate Bombardier CSeries aircraft, but no one knows if this will work,” he said.

Out of (BOJ)’s 550 employees, 400 of them would be offered jobs in different departments.

On October 26, 2016, it was reported that Borajet Airlines (BOJ) would take 3 Embraer E190-E2s and 2 E195-E2s on long-term lease from Irish lessor AerCap (DEA).

May 2017: E190-100LR (0210, TC-YAI) returned to (SMBC) Aviation Capital Leasing. E190-200LR (069, TC-YAO; 084, TC-YAP), 093, TC-YAR) returned to (GECAS) (GEF)), re-registered to Celestial Aviation Trading, (088, TC-YAU) to Celestial Aviation Trading.

Fleet:
(definitions)

Click below for photos:
BOJ-E190-100 - 2014-05

October 2017:

5 EMBRAER E190-100LR (0201, TC-YAI; 0230, TC-TAJ "TOKAT;" 0263, TC-YAG; 0310, TC-YAK "IZMIR"), (SMBC) LEASING LSD 2014-05. 0367 & 0403 RETURNED 2017-01. 0201 RETURNED 2017-05.

6 EMBRAER E195-200LR, (GECAS) (GEF) LSD, (069, TC-YAO; 084, TC-YAP), 093, TC-YAR) RETURNED TO(GECAS) (GEF)), RE-REGISTERED TO CELESTIAL AVIATION TRADING, (088, TC-YAU) TO CELESTIAL AVIATION TRADING 2017-05.

3 ORDERS (2018-02) EMBRAER E190-E2, (DEA) LSD.

2 ORDERS (2018-02) EMBRAER E195-E2, (DEA) LSD.

2 ATR 72-500 (PW127) (588, /99 TC-YAB; 701, /02 TC-YAC), ANADOLU LSD 2010-12. 68Y.

1 ATR 72-500 (PW127) (702, /02 TC-YAD), 2009-12. 66Y.

1 ATR 72-500 (PW127) (705, /03 TC-YAE), 2010-05. 66Y.

1 ATR 72-500 (PW127) (982, /11 TC-YAF), 74Y.

1 BOMBARDIER GLOBAL EXPRESS XRS (BD-700-1A10) (BR710A2-20) (9385, /10 TC-YAA), 2010-10, EXECUTIVE.

1 BOMBARDIER CHALLENGER 605 (CL-600-2B16) (CF344-3B), 2013-07. EXECUTIVE.

Management:
(definitions)

YALCIN AYASLI, FOUNDER.

FATIH AKOL, CHAIRMAN.

KADIR PEKER, GENERAL MANAGER.

 
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