The plane crash-landed at the airport and caught fire when it rumbled off the runway.
Four people have been hurt, according to flight tracker AirLive.
Firefighters rushed to the plane and extinguished the planes.
The jet was registered as TC-KON, a private aircraft which FlightRadar24 identifies as a Cessna 650 Citation 7.
The aircraft, according to Flyvictor, is based at Ataturk Airport and can hold six passengers and two flight staff.
AirLive said four people had been hurt.
They said: “The Cessna Citation VII with register code TC-KON veered off the runway, as it was emergency landing, and fire squads are in the area to fight the blaze.”
The incident occurred at Ataturk Airport, where two runways have now been closed. The airport has been closed to traffic.
This is a breaking story, more to follow..