Türkiye's 29-Year-Old Bus Company on the Verge of Bankruptcy - Sözcü Newspaper
11 Articles
11 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.
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.
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.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium











