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Pegasus Airlines takes over Czech Airlines

PRIVATEOct 02, 2026

Acquiring Company

Pegasus Airlines

Acquired Company

Czech Airlines

IstanbulPragueTransportationTravelAir TransportationAerospaceTransportationLeisureTravelAir TransportationAerospace

Description

Turkey's Pegasus Airlines has successfully completed the acquisition of Czech Airlines. The Czech Office for the Protection of Competition approved the deal, which requires Pegasus to relinquish some summer takeoff and landing slots. This merger is aimed at enhancing Pegasus's operational capabilities in the region. The acquisition marks a significant expansion for Pegasus Airlines.

Company Information

Company

Pegasus Airlines

Location

Istanbul, Turkey

About

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. The airline aims to invest in its fleet in line with its growth targets in Türkiye and globally, and to expand its network by launching new routes.

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Frequently asked

Who acquired Czech Airlines?

Czech Airlines was acquired by Pegasus Airlines, based in Istanbul. The deal was reported on October 2, 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 Czech Airlines?

Pegasus Airlines's acquisition of Czech Airlines was reported on October 2, 2026. Turkey's Pegasus Airlines has successfully completed the acquisition of Czech Airlines. The Czech Office for the Protection of Competition approved the deal, which requires Pegasus to relinquish some summer takeoff and landing slots. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Czech Airlines do?

Czech Airlines, founded in 1923, is one of the world’s oldest airlines. It provides a range of passenger and cargo transportation services. The airline has a varied network of destinations and a rich history in aviation. It is privately held, operating in Transportation, and is based in Prague.

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