Pegasus Airlines Completes Acquisition of Czech Airlines and Smartwings Group
Summary
Pegasus Airlines has completed its acquisition of Czech Airlines and Smartwings Group after securing regulatory approval and meeting closing conditions. The combined business will operate more than 175 aircraft, with firm orders for 140 additional planes.
The deal gives Pegasus a substantially larger European platform and adds Czech and Central European
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The acquisition could reshape competition on European routes by giving Pegasus greater scale, fleet capacity and access to new markets.