Pegasus Airlines has announced a significant expansion of its fleet, confirming the operation of 127 aircraft based at Istanbul Sabiha Gökcen Airport. The airline is also pursuing a strategic move by establishing a Dutch subsidiary, Pegasus Europe BV, to facilitate the acquisition of Czech airline Smartwings. Registered in Amsterdam with a paid-up capital of EUR1, the new entity aims to acquire Smartwings (Czechia), with the transaction valued around USD180 million, and is expected to enhance Pegasus's network through the integration of new routes and aircraft.
Known for its scheduled carrier operations, Pegasus Airlines continues to grow its presence in the region, operating 160 destinations across 311 routes with 638 daily flights. The acquisition of Smartwings aligns with Pegasus's regional expansion strategy, leveraging the benefits of EU ownership rules and dual citizenship advantages for its shareholders.
In the broader context, Pegasus Airlines has recently been highlighted for its plans to develop in-house maintenance, repair, and overhaul (MRO) facilities in 2026, as well as potential further fleet and route developments within its current operational framework. The airline's current focus emphasizes growth, strategic acquisitions, and strengthening its service offerings amid competitive pressures in the European and Middle Eastern markets.
