Pegasus Airlines completes acquisition of Smartwings Group and Czech Airlines
Analysed · First reported · Updated
Pegasus Airlines has finalized the purchase of Smartwings Group and Czech Airlines, creating a combined fleet of more than 175 aircraft and confirming orders for an additional 140 planes.
Acquisition details
Pegasus Airlines completed the acquisition of Smartwings Group and Czech Airlines, according to all four sources.
The deal was valued at 154 million euros and was completed on 1 October 2026, as reported by airporthaber2.com.
Fleet and orders
The combined fleet now exceeds 175 aircraft, and the group has confirmed orders for an additional 140 aircraft.
Network coverage
Pegasus operates flights to 161 destinations in 57 countries, and Smartwings Group serves 80 destinations in 20 countries.
Pegasus carried 43.3 million passengers in 2025 with a fleet of 129 aircraft, serving 56 countries and 160 destinations that year.
Executive comments
Pegasus CEO Güliz Öztürk said the partnership will grow and offer a wider choice, while Smartwings co‑founder Jiří Šimáně said Pegasus is the right partner to consolidate strengths.
What's still unclear
Sources differ on the number of destinations and countries served by Pegasus: 161 destinations in 57 countries (sources 1,3,4) versus 160 destinations in 56 countries (airporthaber2.com).
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