Pegasus Airlines Acquires Smartwings, Expands European Presence

Pegasus Airlines Acquires Smartwings: A Strategic Move in European AviationIn a significant development for the airline industry, Turkeys Pegasus Airlines has announced its acquisition of Smartwings, the largest airline in the Czech Republic, along with its owner, Czech Airlines. This deal, valued at €154 million, is part of Pegasuss expansion strategy into global markets. The integration process is expected to take about a year, adding Smartwings extensive network and fleet to Pegasuss portfolio. This acquisition follows a failed takeover bid by LOT, further solidifying Pegasuss position in the competitive European aviation landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.