Pegasus Airlines has completed its acquisition of Czech Airlines and Smartwings Group.
Smartwings Group is an airline group focused primarily on leisure routes and, together with the Czech Airlines (CSA) brand, is one of the longest-established aviation groups in Central and Eastern Europe. It operates a network serving 80 cities in 20 countries and has established partnerships with major travel companies. Following the acquisition, operations will continue under the two brands, Smartwings and Czech Airlines, while maintaining existing operations and customer services. The two companies have a combined fleet of more than 175 aircraft, with further room for expansion through an additional 140 aircraft already on firm order.
Pegasus Airlines was established in 1990 and transitioned to a low-cost carrier (LCC) business model in 2005. It currently serves 161 cities in 57 countries.
Pegasus Airlines CEO Güliz Öztürk commented, “Together, we can grow and offer customers options that neither company could achieve on its own.” Jiří Šimáně, co-founder of Smartwings, said, “We are confident that Pegasus Airlines is the right partner to support future growth based on our existing strengths and create value for everyone involved with both companies.”
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