Pegasus Takes Flight with Three Awards in Sustainability and Finance

LONDON (18 September 2025) – Pegasus Airlines has been honored with three prestigious awards at the Airline Economics Aviation 100 Europe and Sustainability Awards 2025. These awards – Sustainability Team of the Year, European Treasury Team of the Year, and the Sustainable Aviation Finance Excellence Award – highlight Pegasus’s strong teamwork and pioneering role in sustainable aviation, its commitment to integrating environmental and social goals into its financial strategy, and its delivery of innovative financing solutions in the aviation sector.

Sustainability Team of the Year

The Pegasus Sustainability Team has been recognized as Sustainability Team of the Year. Pegasus’s value creation is driven by a holistic approach and a cross-functional ESG strategy, which includes its climate transition roadmap, gender balance initiatives, transparent reporting practices, and strong governance framework.

European Treasury Team of the Year

The airline’s Treasury Team was named European Treasury Team of the Year for its diverse and pioneering financing transactions completed in 2024 and 2025. These include various aircraft financings, sustainability-linked structures, a Eurobond issuance, financing for hangar constructions at Sabiha Gökçen Airport, spare engine financings, and the industry’s first engine maintenance transaction supported under the credit insurance program of France’s export credit agency (ECA), BpiFrance.

Sustainable Aviation Finance Excellence Award

Pegasus received the Sustainable Aviation Finance Excellence Award for its Sustainability-Linked JOLCO financing of three Airbus A321neo aircraft, carried out in partnership with SMFL and SMBC. In this transaction, both the debt and equity components were directly tied to the company’s long-term sustainability targets.

Pegasus Airlines CFO Barbaros Kubatoğlu stated:
“These awards reflect Pegasus Airlines’ long-term commitment to building a financially resilient, innovative, and sustainability-focused airline. By embedding sustainability into every layer of our financial strategy – from treasury operations to ESG-linked structures – we are not only adapting to the future but also helping shape it. This recognition belongs to our teams, whose collaboration and innovations continue to set new standards in aviation finance.”