Turkish low-cost carrier Pegasus (FlyPGS) has placed an order for 200 aircraft with US OEM Boeing in a historic deal to strengthen its fleet in line with its growth plans.
The order is made up of a firm order for 100 Boeing 737 Max 10s and a further 100 options for more Max 10s. Deliveries of the first aircraft are expected to begin in 2028.
In a statement from the airline, Güliz Öztürk, CEO of Pegasus Airlines, said: “As a leading stakeholder in our country’s tourism sector, which creates net cash inflows and the highest added value for our country, and has shown record-breaking growth after the pandemic; we are working tirelessly to reach new record-highs and do our part for Türkiye to achieve the targeted 100 million visitors and 100 billion USD in revenue in tourism.
“We continue to invest in our fleet in line with our growth targets in Türkiye and globally, and to expand our network by launching new routes. Currently, with an average age of 4.5 years, we have the youngest fleet in Türkiye and rank among the airlines with the youngest fleets in the world. Within the scope of our agreement with Boeing, we have ordered a total of 200 Boeing 737-10 aircraft. The first 100 aircraft, for which we have placed firm orders, will begin joining our fleet starting in 2028.
“We will evaluate converting the remaining 100 aircraft options into firm orders in the coming years, based on market conditions and the needs of our fleet. Boeing aircraft have been an integral part of our operations since Pegasus entered the aviation industry in 1990. We are pleased to be expanding our fleet with the new Boeing 737-10 model aircraft.
“We are confident that our collaboration will create new opportunities for local manufacturing, technology transfer, R&D, training, and employment in the Turkish aviation industry. When considered within the scope of Boeing’s National Aerospace Initiative launched with the Turkish government in 2017, our order will also open new doors and create production and export opportunities both for Turkish manufacturers and for the wider aviation industry.”
The Boeing 737 Max 10 is the largest of the 737 Max range and can seat up to 230 passengers. Powered by two CFM Leap 1B engines it offers a 20% lower fuel burn compared to previous models.
The deal is worth $36 billion based on Boeing’s list prices.
