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Pegasus Airlines Secures €154M Smartwings Acquisition Deal

12/8/2025

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Summary

Story summary

Pegasus Airlines won a €154 million deal to acquire Smartwings, outbidding LOT Polish Airlines by €10 million, and the agreement includes the debts of both companies.
The acquisition completion is pending regulatory approval, expected in 2026.
Smartwings operates 112 aircraft and serves 80 destinations.
Experts say LOT Polish Airlines' bid failure reflects poorly on the airline's strategy and planning.

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Story summary

Pegasus Airlines won a €154 million deal to acquire Smartwings, outbidding LOT Polish Airlines by €10 million, and the agreement includes the debts of both companies.
The acquisition completion is pending regulatory approval, expected in 2026.
Smartwings operates 112 aircraft and serves 80 destinations.
Experts say LOT Polish Airlines' bid failure reflects poorly on the airline's strategy and planning.