Pegasus Airlines has incorporated Amsterdam-based Pegasus Europe BV as an EU acquisition vehicle to buy Smartwings and its Czech Airlines unit. The Dutch subsidiary is intended to satisfy EU rules on takeovers by non‑EU buyers and signals Pegasus’s strategic expansion into Central Europe.
Discovered |
Briefing
Pegasus’s proposed takeover — a €154m bid that outbid LOT — would hand the carrier control of Smartwings and Czech Airlines, reshaping capacity and competitive dynamics in Central Europe.
Creating Pegasus Europe BV in the Netherlands is a deliberate step to meet EU acquisition rules for non‑EU buyers, a move that will determine regulatory scrutiny, approval timing and required concessions.
The acquisition follows Pegasus’s commercial push into Europe (including an Iberia–Pegasus codeshare), expanding its network and distribution footprint and altering short‑haul market access for legacy and low‑cost carriers.
Reported By
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(TR) Pegasus's Major European Move • haberair.com
Pegasus Looks Beyond Türkiye with Czech Purchase • Cranky Flier
(DE) Pegasus establishes EU company for Smartwings purchase • airliners.de
ch-aviation
• CH-Aviation Staff