Pegasus Airlines has completed its acquisition of Czech Airlines and Smartwings Group, marking a significant step in its international expansion. The deal, finalised on 1 October 2026, follows the necessary regulatory approvals and closing conditions. This strategic move combines the strengths of both aviation companies, aiming for long-term growth and enhanced competitiveness in the European market.
The acquisition brings together a combined fleet of over 175 aircraft, with future growth potential secured through firm orders for 140 additional aeroplanes. Pegasus Airlines, established in 1990 and known for its low-cost model since 2005, currently operates flights to 161 destinations across 57 countries. Meanwhile, Smartwings Group, a leading leisure carrier, operates in 80 destinations across 20 countries and maintains strong partnerships with tour operators.
Güliz Öztürk, CEO of Pegasus Airlines, expressed confidence in the partnership, stating, "Together we can grow further and offer our guests more choice than any of us could alone." Jiří Šimáně, co-founder of Smartwings, echoed this sentiment, highlighting the potential for future growth and value creation.
Smartwings will continue to operate under its existing brands, Smartwings and Czech Airlines, whilst benefiting from new opportunities for innovation and development. The collaboration aims to enhance customer experience and operational excellence, connecting more people and destinations across Europe and beyond
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