Pegasus Airlines Boosts Fleet with 36 New A321neo Aircraft Order

Pegasus Airlines, the largest private airline in Turkey (and the country’s second largest overall), has placed an order for 36 Airbus A321neo aircraft.

This is a new order, adding to one in place since 2012, when Pegasus switched to Airbus from Boeing. The original 100-aircraft order was later modified in 2017, 2021 and then again in 2022, increasing the total order to 114 aircraft.

With these 36 additional A321neos, Pegasus will reach a fleet of 150 aircraft by 2029, of which 108 will be A321neos, operated by the airline with a 239-seat cabin.

Back in March this year, Pegasus announced strong financial results for the year 2022 on the back of a strong growth in air traffic. The airline saw its passenger numbers increase by 33.7%, to 26.9 million, while its revenue more than doubled (+139%) to €2.45 billion and €431 million in profit.

Shortly after, this performance was reflected in rating agencies Fitch and S&P upgrading Pegasus’ credit ratings from B+ to BB- and B to B+ respectively.