Turkey’s Pegasus to exercise purchase option for 25 Airbus aircraft

Turkey’s Pegasus to exercise purchase option for 25 Airbus aircraft

ISTANBUL
Turkey’s Pegasus to exercise purchase option for 25 Airbus aircraft

Turkish airline Pegasus said on Dec. 21 it will exercise its purchase option for 25 additional aircraft under an order placed with Airbus in July 2012 for a total of 100 new planes.

“Our company will exercise its purchase option for 25 additional aircraft under the Airbus order placed with Airbus in July 2012 for a total of 100 new aircraft comprising a firm order for 57 A320neo aircraft and 18 A321neo aircraft, which was announced to our investors in the prospectus relating to the initial public offering of our shares in April 2013,” the company said in a statement to the Public Disclosure Platform.

It noted that it had reached an agreement with Airbus for the delivery of an additional five Airbus 321 neo aircraft in 2022 and 10 more Airbus A321 neo aircraft in both 2023 and 2024.

The company will retain the option to convert all or a part of the said additional Airbus 321 neo aircraft to Airbus 320 neo, subject to the applicable notice periods prior to the scheduled delivery of the aircraft, it added.

Turkey, Economy, Pegasus Airlines, Airbus