Pegasus completes acquisition of Czech Airlines and Smartwings

Turkish carrier Pegasus Airlines finalized its purchase of both Czech Airlines and the low-cost airline Smartwings, marking a significant development in Central European aviation. This acquisition follows an emergence as a bidder approximately ten months prior to completion. Together, the airlines operate a substantial combined fleet exceeding 175 aircraft, representing a considerable expansion for Pegasus. Furthermore, they have secured orders for an additional 140 aircraft, indicating future growth plans within the group. Maintaining separate brands for each entity is part of the deal’s structure.