December 26, 2009
Pegasus Airlines, a Turkish budget airline, plans to hold an initial public offering in the second half of 2010, Chairman Ali Sabanci said on CNBC-e television.
The carrier will select an adviser for the IPO on January 8, Sabanci told the Istanbul-based channel yesterday.
Pegasus Airlines is a low-cost carrier headquartered in the Halkalı area of Küçükçekmece, Istanbul, Turkey. Formerly a charter airline in partnership with Aer Lingus, Pegasus is now completely independent.
The carrier started a charter airline in 1989 and grew over the years.
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In 2005, Esas Holdings purchased Pegasus Airlines and placed Ali Sabanci as the chairman. In 2007, Pegasus carried more passengers in Turkey than any other private airline. In 2008, it carried a total of 4.4 million passengers.
Pegasus has a total of 24 Boeing and Airbus aircraft and flies to 70 destinations. Twenty more aircraft are on order.
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