Turkish Low Cost Carrier Pegasus Completes Acquisition of Czech Airlines and Smartwings
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11 Articles
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.
Pegasus completes acquisition of Czech Airlines and Smartwings
Pegasus Airlines has completed its acquisition of Czech Airlines and the Smartwings Group after receiving all required regulatory approvals and meeting the transaction’s closing conditions, the Turkish carrier announced on 1 October. The acquisition strengthens Pegasus’ presence in Central and Eastern Europe, combining its low-cost network with Smartwings’ established leisure business and tour operator partnerships. […]
Turkish airline Pegasus Airlines has completed the takeover of Czech Airlines (ČSA) and the Smartwings group. The transaction, worth approximately 3.8 billion crowns, will bring together more than 175 aircraft under one owner, with confirmed orders for another 140 aircraft. According to the company, Smartwings will retain its brand and current operations.
According to a statement made by Pegasus to the Public Disclosure Platform (KAP), the acquisition will take place on October 1, 2026, following the obtaining of necessary administrative permits and the fulfillment of the share transfer conditions.
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