Pegasus Airlines, the airline with the youngest fleet in Turkey (Türkiye), and one of the youngest in the world, has announced a historic $36 billion deal with Boeing for the purchase of up to 200 Boeing 737-10 aircraft, marking the largest order in the airline’s history.
The agreement includes firm orders for 100 aircraft and options for an additional 100 planes, further solidifying Pegasus Airlines’ commitment to growth, sustainability, and operational efficiency.
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 (3,100 nautical miles), 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.
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.”
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.
“We have been a proud partner of Pegasus Airlines since their inception and we are excited to welcome them as the newest 737 MAX customer,” said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. “We appreciate their trust in the Boeing team and we look forward to delivering on the 737-10 and its promise of greater efficiency, versatility and reliability.”
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 that 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.
