Turkish Low Cost Carrier Pegasus Completes Acquisition of Czech Airlines and Smartwings
29 Articles
29 Articles
Pegasus Airlines acquired all shares of Czech Republic-based Smartwings Group and Czech Airlines for €142,291,526 in cash. The acquisition was officially completed after obtaining the necessary regulatory approvals.
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.
The company Pegasus Airlines has completed the acquisition of Smartwings Group and Czech Airlines, after receiving the corresponding regulatory approvals, gathering a combined fleet of more than 175 aircraft, with a growth potential based on existing firm orders, which total 140 aircraft, according to a statement. Smartwings Group, together with the Czech Airlines brand, forms one of the oldest air groups in Central and Eastern Europe, with a ne…
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