Pegasus Airlines Finalizes Acquisition of Smartwings and Czech Airlines
Turkish low-cost carrier Pegasus Airlines has completed the acquisition of a 49% stake in the Czech airline group, Smartwings. This strategic deal also includes the national carrier, Czech Airlines (CSA), which is part of the Smartwings group. The acquisition provides Pegasus with a significant foothold and competitive advantage in the Central European market. This move is a key part of the Turkish airline's international expansion strategy. The deal has already received approval from the necessary competition authorities, paving the way for future network synergies between the carriers.
Official Source: https://www.flightglobal.com/strategy/2026/10/pegasus-completes-acquisition-of-czech-airlines-and-smartwings/
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