Turkish low-cost carrier Pegasus Airlines announced Monday that it has reached an agreement to acquire Czech airline Smartwings along with its shareholder Czech Airlines, in a deal valued at €154 million.
Pegasus CEO Güliz Öztürk said the airline intends to expand across Europe © Mena Today
Turkish low-cost carrier Pegasus Airlines announced Monday that it has reached an agreement to acquire Czech airline Smartwings along with its shareholder Czech Airlines, in a deal valued at €154 million.
The transaction still requires regulatory approval, the company said in a statement.
Pegasus, founded in 1990 and now flying to 158 destinations across 55 countries, described the acquisition as a “strategic investment to strengthen its footprint in Europe and support its global growth ambitions.”
Smartwings and Czech Airlines operate a combined fleet of 47 aircraft and serve 80 destinations in 20 countries, according to Pegasus.
Czech Airlines, one of the world’s oldest carriers founded in 1923, was severely affected by the Covid-19 pandemic and entered bankruptcy protection in 2021.
Pegasus CEO Güliz Öztürk said the airline intends to expand across Europe by operating “two distinct brands, Smartwings and Pegasus Airlines,” under the group’s umbrella.
Foreign Minister Hakan Fidan will repeat Turkey's offer to host talks between Russia and Ukraine on a visit to Moscow this week at which he will also discuss Black Sea shipping safety and the South Caucasus, a diplomatic source said on Monday.
Somaliland's President Abdirahman Mohamed Abdullahi met Israeli President Isaac Herzog in Jerusalem on Sunday, in what marks the breakaway territory's first-ever state visit to a foreign country, and a milestone in the unlikely but deepening partnership between the two nations.
When Iran's Team Melli takes to the field in Los Angeles on Monday against New Zealand, the game will be about far more than football. It will be a confrontation between a theocratic regime desperate to control its image abroad and the millions of Iranians - at home and in exile - who refuse to let it.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
