Turkish Low Cost Carrier Pegasus Completes Acquisition of Czech Airlines and Smartwings
31 Articles
31 Articles
Pegasus Airlines acquired all shares of Czech Republic-based Smartwings Group and Czech Airlines for €142,291,526 in cash. The acquisition was officially completed after obtaining the necessary regulatory approvals.
Smartwings to continue its operations under its existing brand
Turkish airline Pegasus Airlines has completed the takeover of Czech Airlines (ČSA) and the Smartwings group. Together, they have more than 175 aircraft and confirmed orders for another 140 aircraft.
At the end of 2025 the low-cost Turkish airline Pegasus Airlines announced that it had concluded an agreement to acquire Czech Airlines and its subsidiary Smartwings in order to strengthen its presence in Europe. A pact that has just been completed now after receiving the corresponding regulatory approvals. The new group will gather a fleet of more than 175 aircraft, has a firm order of 140 aircraft to boost its growth, as explained by the compa…
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