Turkish Carrier Expands European Presence Through Strategic Acquisition
Pegasus Airlines has announced a $179 million takeover of Czech carrier Smartwings, subject to regulatory approval. The deal includes Czech Airlines and related assets, and is seen as a major step towards Pegasus’ international growth goals. With a combined fleet size of 174 aircraft, the acquisition is expected to strengthen Pegasus’ presence in Europe and support its continued global expansion. According to Pegasus, the shareholders of Czech Airlines and founders of Smartwings felt the time was right to transfer ownership of the companies. This development was first reported by AeroTime.