Turkish Low Cost Carrier Pegasus Completes Acquisition of Czech Airlines and Smartwings
28 Articles
28 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 Turkish Pegasus Airlines has completed the acquisition of the Czech Smartwings Group and the Czech Airlines brand. Together, both have more than 175 aircraft. Pegasus has already decided on the future of the Czech brands.
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