Pegasus Airlines to absorb Czech Airlines + Smartwings: Turkey’s low-cost carrier (LCC) Pegasus Airlines acquired Smartwings Group from Prague City Air in a transaction valued at EUR 154 mn, as the airline sets its sights on expanding globally, according to a disclosure. The acquisition would see the Turkish LCC carrier take control of Smartwings Group’s carriers, Czech Airlines (CSA) and Smartwings, expanding its offerings in Central and Eastern Europe.

The transaction is scheduled to be completed in 2026, still contingent on obtaining the necessary approvals from regulators in the Czech Republic, as well as Slovakia, Poland, and Hungary, where Smartwings Group operates, Reuters reports.

What’s on the menu? Together, Czech Airlines and Smartwings have a combined fleet of 47 jets, with Smartwings flying to a network of 80 destinations across 20 countries. Smartwings Group generated a top line of about EUR 1 bn in 2024, the newswire adds.

About Pegasus Airlines: Founded in 1992, the Turkish carrier has seen robust expansion over the last two decades, expanding its fleet from 14 to 127 jets. Pegasus now serves around 158 destinations across 55 countries.

Fleet expansion is on the horizon: Turkey’s Pegasus Airlines ordered 36 of the Airbus narrow-body A321neo aircraft back in 2023, which should be delivered by the end of 2029.

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