Pegasus Airlines is owned by Esas Holding, a Turkish conglomerate.
Esas Holding's Ownership:
- Esas Holding is a prominent Turkish company with diverse interests, including aviation, energy, construction, and real estate.
- They established Pegasus Airlines in 1989, initially operating as a cargo airline.
- The company transitioned to a low-cost passenger airline in 1990, becoming a significant player in the Turkish aviation market.
Pegasus Airlines' Ownership Structure:
- Esas Holding holds a majority stake in Pegasus Airlines, ensuring its control over the airline's operations and strategic direction.
- While specific ownership percentages are not publicly disclosed, Esas Holding remains the dominant shareholder, influencing the airline's growth and development.
Pegasus Airlines' Growth and Expansion:
- Pegasus Airlines has expanded its fleet and route network over the years, offering affordable flights to various destinations throughout Europe, Asia, and the Middle East.
- The airline's success can be attributed to its low-cost model, efficient operations, and strategic partnerships.
