Pegasus Airlines is a low-cost airline based in Istanbul. With the "low cost" model it applies, it provides affordable travel opportunities, as well as basic services that can only be obtained with additional fees. It is an airline that offers point-to-point transportation on short and medium-haul lines at affordable prices.
Established in Istanbul in 1990 as a joint venture of Aer Lingus, Silkar Investment and Net Holding, Pegasus entered the aviation industry with charter flights. In 1994, Esas Holding A.Ş. Bought by. And by starting scheduled domestic flights in December of the same year, it became the 4th scheduled airline operating in Turkey.
Pegasus Airlines, of which Ali Sabancı is the Chairman of the Board, has one of the youngest fleets among domestic airlines, as of January 31, 2019, 38 Boeing 737-800s, 12 Airbus A320ceo, 31 Airbus A320neo and 6 Airbus A321neo. It continues its operations with a fleet of 87 aircraft with an average age of 5.3. It operates scheduled flights to 111 destinations in 42 countries in a geography spanning Europe, the Middle East, Russia, Central Asia and North Africa.
As of the date of placing the order with Airbus in 2012, with a fleet order of 100 aircraft, 25 of which with an option, amounting to approximately 12 billion USD at the date of delivery, it has signed the largest order placed at once in the history of Turkish Civil Aviation. Pegasus Airlines, which started trading on Borsa Istanbul with the code "PGSUS" on April 26, 2013, by offering 34.5 percent of its shares to the public; It is the first private airline listed on the stock exchange in Turkey. Pegasus Cargo, which started cargo sales as of April 1, 2010, is a member of IATA and CASS. According to January 2020 data, the average age of Pegasus Airlines' fleet is 5.3 years and has a fleet of approximately 87 aircraft.