- Pegasus Airlines completes acquisition of Czech Airlines and Smartwings
- Combined fleet includes more than 175 aircraft
- Smartwings continues operating under Smartwings and Czech Airlines brands
- Pegasus operates to 161 destinations across 57 countries
- Transaction follows receipt of all regulatory approvals
Pegasus Airlines has completed its acquisition of Czech Airlines and Smartwings Group following receipt of all required regulatory approvals and fulfilment of customary closing conditions. The transaction has marked an important milestone in Pegasus Airlines’ international expansion and Czech Airlines and Smartwings Group’s future growth. The combined fleet has included more than 175 aircraft with significant growth potential based on existing firm orders covering 140 aircraft.
Pegasus Airlines has operated flights to 161 destinations across 57 countries with one of the world’s youngest and most fuel-efficient fleets since adopting its low-cost business model in 2005. Smartwings Group has formed one of the longest-standing airline groups in Central and Eastern Europe with a network of 80 destinations across 20 countries, strong partnerships with leading tour operators and a prominent position in the region’s aviation market. Smartwings has continued to operate under its two brands, Smartwings and Czech Airlines.
Güliz Öztürk, CEO of Pegasus Airlines, has shared that the story began with a dream of a world where everyone can fly and that Pegasus Airlines and Smartwings have come together to take that ambition forward. Jiří Šimáně, Co-founder of Smartwings, has shared that Smartwings has been built over many years by dedicated people and by the loyalty of passengers and partners. The combined airline has aimed to connect more people and destinations across Europe and beyond.
