US EditionTurkey’s Pegasus Airlines acquires biggest Czech airline, Smartwings, in a deal worth $180 million
Pegasus Airlines outbid Poland's LOT with a €10 million higher offer to acquire Smartwings, enhancing its fleet and regional presence in Central Europe.
- Pegasus Airlines, a Turkish low-cost carrier established in 1990, signed a 154 million euro deal to acquire the biggest Czech airline, Smartwings, and its owner Czech Airlines from Prague City Air.
- The process of transferring the ownership of Czech Airlines should be completed in 12 months, according to Smartwings spokeswoman Vladimíra Dufková.
- Smartwings currently operates regular, charter and private flights to around 80 destinations with almost 50 planes, and previously negotiated a takeover by Polish national carrier LOT before Pegasus filed a rival bid.
38 Articles
38 Articles
Associated Press News
Turkey's Pegasus Airlines acquires biggest Czech airline, Smartwings, in a deal worth $180 million
Pegasus Airlines has signed an agreement to acquire the biggest Czech airline, Smartwings, along with its owner, Czech Airlines.
Poland's LOT loses out at last minute in bid to buy largest Czech airline Smartwings
Keep our news free from ads and paywalls by making a donation to support our work! Notes from Poland is run by a small editorial team and is published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support. Polish flag carrier LOT’s widely expected move to buy Smartwings, the Czech Republic’s largest airline, has collapsed after a last-minute twist that instead saw…
Czech Airlines, which owns the airline Smartwings, will likely be purchased by Turkish low-cost airline Pegasus Airlines. The sales process has begun, Smartwings spokeswoman Vladimíra Dufková announced on Monday.
The largest airline in the Czech Republic is changing hands. Only the location in Poland will eventually end up in the Middle East. Smartwings and its shareholder ČSA are being bought by Turkish low-cost carrier Pegasus Airlines. The transaction will cost more than three billion crowns. What impact will this have on Czech tourists? Will airline tickets become more expensive and the ČSA brand finally end? Deník.cz has prepared a list of the most …
Pegasus Airlines has concluded an agreement to acquire Czech Airlines (CSA) and its subsidiary Smartwings in an operation valued at 154 million euros (180 million dollars) with the aim of strengthening its presence in Europe. According to the Turkish airline, the understanding was reached with Prague City Air for the purchase of 100% of the shares of both companies. The transaction, which must obtain regulatory approvals and meet the usual trans…
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