Türkiye’s Pegasus Signs Agreement to Purchase Smartwings Group, Expanding European Reach

Türkiye – Pegasus Airlines has announced the signing of an agreement to acquire Czech operator Smartwings and its shareholder Czech Airlines (ČSA), marking one of the most significant airline acquisitions in Europe in recent years. The transaction — valued at approximately €154 million (around CZK 3.8 billion) according to Turkish media — is subject to regulatory approvals and is expected to be completed within 12 months.

• Smartwings, which includes ČSA and operates a fleet of 49 aircraft, is the largest airline in the Czech Republic, serving around 80 scheduled destinations in addition to charter and private flights.
• Pegasus Airlines, headquartered in Istanbul and operating 124 aircraft, continues to expand rapidly. Its 2024–2025 fleet commitments include 100 Boeing 737 MAX 10s (with options for another 100) and an order for 36 Airbus A321neos, reflecting long-term growth ambitions.

Source: Pegasus Airlines and Media Reporting Photo Credit: Smartwings