Pegasus Completes Acquisition of Smartwings Group for €142.3 Million

Pegasus Airlines announced that it has completed the acquisition of Czechia-based Smartwings Group. Following the receipt of the necessary regulatory approvals and the fulfilment of the conditions for the share transfer, the transaction was completed on October 1, 2026.

According to the announcement, Pegasus acquired 70% of the shares in Smartwings Group, comprising České aerolinie (Czech Airlines), Smartwings and their subsidiaries, directly and the remaining 30% indirectly, thereby becoming the owner of 100% of the group.

The total consideration for the acquisition, including receivables to be taken over from the previous shareholders, was announced as €142,291,526. The purchase price per share was €71.15. The transaction value corresponds to 4.2% of Pegasus’ revenue reported in its latest annual financial statements.