Pegasus Airlines completes acquisition of Czech Airlines and Smartwings
Pegasus Airlines has finalized the purchase of Czech carrier ČSA and low‑cost airline Smartwings after securing all required regulatory clearances. The Czech competition authority approved the deal on condition that Pegasus surrender some summer slots on the Prague‑Antalya route.
Pegasus Airlines acquired Czech Airlines (ČSA) and Smartwings.1 The acquisition was completed after obtaining all necessary regulatory approvals.1 The Czech Office for the Protection of Competition approved the deal with a condition that Pegasus give up some summer slots on the Prague‑Antalya route to another carrier.1 Pegasus paid approximately 154 million euros for ČSA, including its subsidiaries and related claims.1 Smartwings will continue to operate under its established brand and maintain its daily operations, customer relationships and service provision.1 The required surrender of Prague‑Antalya summer slots may affect airport slot allocation and capacity planning at both Prague and Antalya airports.1 The acquisition expands Pegasus’s network and could impact revenue management and distribution strategies for the combined airline group.1