Pegasus to Buy 200 737 MAX Planes from Boeing

Turkiye’s leading low cost carrier (LCC) Pegasus has placed order with Boeing for 200 737 Max aircraft to grow and modernise its single-aisle fleet. The airline’s purchase includes a firm order for 100 737-10 jets – plus options for 100 more.

The total value of the contract is $36 billion at list prices, making it the largest in the history of the airline founded in 1991.

The largest model in the 737 MAX family, the 737-10 can carry as many as 230 passengers with a range of up to 5,740 km, while reducing fuel use and emissions by 20% compared to the airplanes it replaces. The airplane’s efficiency and flexibility will enable Pegasus Airlines to serve more passengers on more routes with the lowest cost per seat of any single-aisle airplane.

Pegasus CEO Guliz Ozturk said that Boeing aircraft have been an integral part of their operations since the company entered the aviation industry in 1990 and they were pleased to be expanding their fleet with the new Boeing 737-10 model aircraft.

The airline will continue to invest in its fleet in line with the company’s growth targets in Turkiye and globally, and to expand the network by launching new routes, Ozturk said.

“Within the scope of our agreement with Boeing, we have ordered a total of 200 Boeing 737-10 aircraft. The first 100 aircraft are firm orders and we will be evaluating converting the remaining 100 aircraft options into firm orders in the coming years, based on market conditions and the needs of our fleet,” he added.

Pegasus Airlines launched operations with the Boeing 737 Classic nearly 35 years ago. The 737-10 will complement the airline’s fleet of Next-Generation 737s by providing operational commonality and flexibility to meet growing travel demand.

Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said that they have been partner of Pegasus Airlines since its inception and welcomed the carrier as the newest 737 MAX customer.

Targets New Markets

As low-cost carriers continue to boost regional growth and connectivity, the 737-10 will support Pegasus Airlines in reaching new markets across Europe, the Middle East, Central Asia and Africa. Boeing’s Commercial Market Outlook forecasts European and Central Asian operators will take delivery of nearly 7,900 single-aisle airplanes over the next 20 years.

Pegasus Airlines’ purchase of 100 737-10 jets will bring the total orders of the 737 MAX variant to more than 1,200 jets.

Incorporated in 1990, Pegasus was acquired by ESAS Holding in 2005 and launched as a scheduled low-cost carrier. As one of the region’s leading low-cost airlines, Pegasus believes that everyone has the right to fly and offers its guests the opportunity to travel with low fares and young aircraft through its low-cost model.

Pegasus carries its guests to 144 destinations, with 35 in Turkiye and 109 on its international network, in 53 countries. Pegasus operates connecting flights between Turkiye and Europe, North Africa, the Middle East and Central Asia through its point to point and connecting flights through Turkiye.

As a leading global aerospace company, Boeing develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability, and community impact.