Pegasus Hava Tasimaciligi A.S, which was founded as a joint venture company on 1990 by Aer Lingus Group, Silkar Yatırım ve Insaat Organizasyonu A.S. and Net Holding A.S., entered into commercial operation with two airplanes.
After being acquired on 2005 by Esas Holding A.S. owned by Sevket Sabanci and his family, Pegasus started scheduled domestic flights in November of the same year and became the 4th top among the scheduled airlines operating in Turkey.
According to the final structure of partnership after the Initial Public Offering; 34.5 % of shares are floating in Borsa Istanbul and 65.5% belongs to Esas Holding A.S, whereas the rest is owned by Sevket Sabanci and his family.
Pegasus Airlines, Turkey’s leading low cost airline, has transformed the aviation sector in the country with an experienced team of over 6,000 and by offering its guests affordable and quality services together with a flawless security record. Believing it’s everyone’s right to fly, Pegasus offers its guests low fares, on-time departures and new more comfortable aircraft as part of its “low cost airlines” model. Pegasus Airlines flies to 110 destinations on its ever-growing network in 42 countries including 35 domestic and 75 international destinations. Pegasus has Turkey’s youngest fleet with an average age of 5.6 years old and average on-time departure performance of 81.09% in 2018. Pegasus Airlines is the first airline to have been admitted to the state-subsidised brand-building program Turquality.