Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Pegasus Hava Tasimaciligi AS” of the exclusive control of the company “Ceské Aerolinie AS” and all of its subsidiaries

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The direct acquirer: “Pegasus Europe BV”;
• The ultimate acquirer: “Pegasus Hava Tasimaciligi, AS”
• The target: “Ceské Aerolinie AS” and all of its subsidiaries

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned:

• Aviation.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e., March 2, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the exclusive takeover by the company “Pegasus Hava Tasimaciligi, AS” through its subsidiary “Pegasus Europe BV” of the company “Ceské Aerolinie AS” and all of its subsidiaries, through the acquisition of 100% of its share capital and voting rights.

“Pegasus Europe B.V” is a Dutch limited liability company registered under number 99127814 with its registered office at Herikerbergweg 238, Luna Arena, 1101 CM Amsterdam, Netherlands. It is an investment vehicle created for the needs of this operation.

“Pegasus Hava Tasimaciligi, AS” is a Turkish joint-stock company registered under number 261186 with its registered office at Aeropark Yenişehir Mah. Osmanlı Bulvarı, Istanbul, Turkey. It is a low-cost Turkish airline. It offers mainly domestic and international regular flights, primarily from its main hub located at Istanbul’s Sabiha Gökçen International Airport.

“Ceské Aerolinie AS” is a Czech joint-stock company registered in the Commercial Register kept by the Municipal Court of Prague under file number B 1662, with its registered office at K letišti 1068/30, Ruzyně, Prague, Czech Republic. It is the holding entity of the Smartwings group, which is primarily active in operating international charter and regular flights as well as in aircraft leasing with crew (wet lease) or without crew (dry lease), and incidentally in freight and parcel transport services, to a limited extent as a secondary activity to its main business.

 

Done in Rabat on February 19, 2026