Aviation

Pegasus completes purchase of Czech Airlines and Smartwings group

Based on · First reported · Updated

  • Pegasus announced on 1 October 2026 that it had completed the acquisition of Czech Airlines and the Smartwings Group, taking 100 % ownership of Smartwings through its subsidiary Pegasus Europe B.V.
  • The deal, valued at €154 million, brings together a fleet of more than 175 aircraft and adds firm orders for a further 140 aircraft, while Smartwings will keep its brand and continue day‑to‑day operations, expanding the combined network to 161 destinations in 57 countries.
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