Pegasus Airlines Acquires Czech Airlines and Smartwings Group
Key Highlights:
- Acquisition Completed: Pegasus Airlines has successfully acquired Czech Airlines and the Smartwings Group following regulatory approvals and closing conditions.
- Strategic Expansion: This significant move marks an important step in Pegasus’ international growth strategy.
- Combined Fleet: The acquisition brings together over 175 aircraft, with additional firm orders for 140 more, showcasing considerable growth potential.
- Operational Background:
- Pegasus: Founded in 1990, it adopted a low-cost model in 2005, serving 161 destinations in 57 countries, and operates one of the youngest, most fuel-efficient fleets globally.
- Smartwings Group: A longstanding airline group in Central and Eastern Europe, operating 80 destinations across 20 countries, it has strong ties with major tour operators.
- Collaboration Goals: The partnership aims to enhance competitiveness by uniting Pegasus’ international network and operational expertise with Smartwings’ regional presence while maintaining brand identities.
- Focus Areas: The companies will prioritize safety, operational excellence, and customer experience as they expand connectivity in Europe and beyond.
Executive Insights:
- Güliz Öztürk, CEO of Pegasus Airlines: Emphasized the ambition of making air travel accessible to all and highlighted the collaborative growth potential between the two airlines.
- Jiří Šimáně, Co-founder of Smartwings: Expressed gratitude for past support and confidence in Pegasus as the right partner for future growth.
This partnership is seen as a pathway to innovation and success for both airlines and their customers.
