About Pegasus Airlines
Pegasus Airlines is a company based in Istanbul (Turkey) founded in 1990.. The company has 8,460 employees as of December 31, 2024. Pegasus Airlines has completed 2 acquisitions, including CSA and Smartwings.
- Headquarter Istanbul, Turkey
- Employees 8460 as on 31 Dec, 2024
- Stage Public
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pegasus Hava Tasimaciligi Anonim Sirketi
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Annual Revenue
$3.16 B (USD)58.54as on Dec 31, 2024
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Net Profit
$375.83 M (USD)-36.46as on Dec 31, 2024
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EBITDA
$897.01 M (USD)46.57as on Dec 31, 2024
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Latest Funding Round
$116.74 K (USD), Grant
Oct 01, 2016
- Investors
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Employee Count
8460
as on Dec 31, 2024
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Investments & Acquisitions
CSA
& 1 more
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IPO & Listings of Pegasus Airlines
Pegasus Airlines is a publicly listed company on the BIST with ticker symbol PGSUS in Turkey, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Pegasus Airlines
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $116,743
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First Round
First Round
(01 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Grant - Pegasus Airlines | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pegasus Airlines
Pegasus Airlines has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pegasus Airlines
Pegasus Airlines has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CSA and Smartwings. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Scheduled, charter, and private jet flights are operated by Smartwings.
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1997 | ||||
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Passenger and cargo air services are operated internationally from Prague.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pegasus Airlines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pegasus Airlines Comparisons
Competitors of Pegasus Airlines
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pegasus Airlines
Frequently Asked Questions about Pegasus Airlines
When was Pegasus Airlines founded?
Pegasus Airlines was founded in 1990 and raised its 1st funding round 26 years after it was founded.
Where is Pegasus Airlines located?
Pegasus Airlines is headquartered in Istanbul, Turkey.
Who is the current CEO of Pegasus Airlines?
Ali Sabanci is the current CEO of Pegasus Airlines.
How many employees does Pegasus Airlines have?
As of Dec 31, 2024, the latest employee count at Pegasus Airlines is 8,460.
What is the annual revenue of Pegasus Airlines?
Annual revenue of Pegasus Airlines is $3.16B as on Dec 31, 2024.
What does Pegasus Airlines do?
Pegasus Airlines was founded in 1990 and is headquartered in Istanbul, Turkey. Operations are conducted as a low-cost carrier in the aviation sector, with scheduled domestic and international flights focused on short and medium-range routes. Affordable fares are enabled through a low-cost model. Services include online check-in, baggage handling, optional seat selection and meals, and a loyalty program for customer benefits.
Is Pegasus Airlines publicly traded?
Yes, Pegasus Airlines is publicly traded on BIST under the ticker symbol PGSUS.
How many acquisitions has Pegasus Airlines made?
Pegasus Airlines has made 2 acquisitions, including CSA, and Smartwings.
Who are Pegasus Airlines's investors?
Pegasus Airlines has 1 investor. Key investors include European Union.
What is Pegasus Airlines's ticker symbol?
The ticker symbol of Pegasus Airlines is PGSUS on BIST.