That's the weird part. Neither the Turkish Republic nor its founders had anything to do with the genocide (unlike the German state which is the legal successor to the German Reich; mind you we're talking legalities here, if we're talking practical matters it's something different), but it's the Turkish Republic that is so virulently denying it was a genocide in the first place, allowing the Armenian state (rightfully so after that) to demand an apology.
The question here is how far are the Turks willing to go. If they cut off U.S. air supplies they're risking a whole lot -- their position in the NATO and their supply of fresh craft for their air fleet. I don't think they'll try stuff like that; in a bluffing game it's big ol' Uncle Sam that's got the cards.
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