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[D.Y.]

Grand Way Company, a small carrier based in Istanbul that operates since July of year 2, has announced today that two of its routes, namely Istanbul-Athens and Istanbul-Antalya, are to be closed due to tough competition. The Istanbul-Athens route was one one of the most lucrative routes for the company but recently several large carriers, including Global International Airways which now operate on both routes cancelled by GWC, entered the market and offered better fares. On Istanbul-Antalya route fares went to the all time low of 120$. Due to the closure of these routes the Grand Way Company's fleet of 3 Beechcraft 1900D airplanes and 2 BAe Systems J-31s is now used less than previously. Some airplanes were however reassigned to other, less lucrative routes.