Pegasus Airlines has officially cemented its position as a major force in the European aviation sector, announcing today the successful completion of its acquisition of Czech Airlines and the Smartwings Group. The deal, which follows the receipt of all necessary regulatory approvals and the fulfillment of customary closing conditions, marks a pivotal moment in the Turkish carrier’s international expansion strategy.
This strategic partnership unites two aviation entities with deep roots in their respective markets. Pegasus Airlines, which transitioned to a successful low-cost business model in 2005, currently connects 161 destinations across 57 countries. In contrast, the Smartwings Group—which operates the iconic Czech Airlines (CSA) brand—stands as a pillar of Central and Eastern European travel, holding a dominant position in the regional leisure market.
The scale of the combined operation is substantial. The new collective fleet boasts more than 175 aircraft, with an aggressive growth trajectory already mapped out. Both airlines have secured firm orders for an additional 140 aircraft, signaling a long-term commitment to increasing capacity and fleet modernization.
Güliz Öztürk, CEO of Pegasus Airlines, framed the acquisition as a realization of the company’s foundational ethos: the belief that everyone has the right to fly. “Our story began with a dream of a world where everyone can fly, and today, Pegasus Airlines and Smartwings come together to take that ambition forward,” Öztürk stated. “Together we can grow further and offer our guests more choice than any of us could alone.”
Under the terms of the acquisition, Smartwings is set to maintain its operational independence, continuing to fly under both the Smartwings and Czech Airlines brands. This ensures that the day-to-day operations and existing customer relationships remain stable, while the group gains access to the operational expertise and innovative low-cost efficiencies that have propelled Pegasus to success.
Jiří Šimáně, co-founder of Smartwings, expressed confidence in the transition, noting that the merger is designed to build upon the loyalty the airline has cultivated over years of operation. “We are confident that Pegasus Airlines is the right partner to build on these strengths, support future growth and create lasting value for everyone connected with both airlines,” Šimáně said.
The merger brings together a diverse workforce and a complementary network spanning from the Turkish hub to the heart of Europe. By blending Pegasus’s expansive international footprint with the strong regional ties of the Smartwings Group, the partnership aims to enhance competitiveness across the continent.
As the two entities begin the process of integration, the focus remains on leveraging their shared commitments to safety, operational excellence, and customer service. For travelers, the acquisition promises a wider range of flight options and a more robust network, marking the start of a new, highly competitive chapter in European aviation.
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