Acquiring Company
Pegasus Airlines
Acquired Company
Smartwings
IstanbulDescription
The Czech competition regulator has conditionally approved Pegasus Airlines’ acquisition of Smartwings and Czech Airlines. The €154 million deal aims to expand Pegasus's international presence. Conditions for the approval include transferring summer slots to maintain competition. Smartwings will operate under its existing name following the takeover.
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Based on deal dataFrequently asked
Who acquired Smartwings?
Smartwings was acquired by Pegasus Airlines, based in Istanbul. The deal was reported on September 11, 2026. Pegasus Airlines is Türkiye's leading low-cost carrier, which entered the aviation industry in 1990 and launched operations with the Boeing 737 Classic nearly 35 years ago. Pegasus Airlines is privately held and operates in Transportation.
When did Pegasus Airlines acquire Smartwings?
Pegasus Airlines's acquisition of Smartwings was reported on September 11, 2026. The Czech competition regulator has conditionally approved Pegasus Airlines’ acquisition of Smartwings and Czech Airlines. The €154 million deal aims to expand Pegasus's international presence. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Smartwings do?
Smartwings is a Czech airline that operates a fleet of 49 aircraft. It offers direct flights from six Czech airports to 80 destinations. The airline has been recognized for its summer schedules and operational efficiency. It is privately held, operating in Transportation, and is based in Czechia.
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