Pegasus Airlines to Acquire Czech Airlines and Smartwings for €154 Million
December 11, 2025
Pegasus Airlines has reached an agreement to acquire Czech Airlines and its subsidiary Smartwings for €154 million, including the purchase of associated receivables. Completion is subject to regulatory approvals and additional transfer conditions, and the airlines plan to maintain their own brands while leveraging shared operational capabilities.
- Buyers
- Pegasus Airlines
- Targets
- Czech Airlines, Smartwings
- Sellers
- Czech Airlines founders, Smartwings shareholders, Jiří Šimáně (shareholder of Czech Airlines and co-founder of Smartwings)
- Industry
- Transportation
- Location
- Czech Republic
- Transaction Type
- Buyout
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