Pegasus Airlines, operating from Istanbul Sabiha Gökcen Airport, has obtained approval from the Capital Markets Board of Turkey to issue debt securities totaling up to USD 250 million on international markets. The approval allows the airline to sell bonds and commercial papers abroad, following a board resolution made on March 17, 2026, and an earlier application. The company may issue the securities in multiple tranches, with final details regarding timing, structure, and pricing to be influenced by prevailing market conditions. The airline has not disclosed the specific purpose of the proceeds.
This financial move aims to bolster Pegasus Airlines' capital structure and expand its operational capabilities. The approval reflects the airline's ongoing efforts to diversify funding sources and support potential fleet and network expansion plans in a competitive aviation landscape.
