When was Pegasus Airlines founded?

Pegasus Airlines was founded in 1990 and raised its 1st funding round 26 years after it was founded.

Where is Pegasus Airlines located?

Pegasus Airlines is headquartered in Istanbul, Turkey.

How many employees does Pegasus Airlines have?

As of Apr 30, 2026, the latest employee count at Pegasus Airlines is 7634.

Is Pegasus Airlines a funded company?

Pegasus Airlines is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Oct 01, 2016.

When was the latest funding round of Pegasus Airlines?

Pegasus Airlines' latest funding was a $***** Grant (prize money) round on Oct 01, 2016, with participation from 1 investor.

Pegasus Airlines - 2026 Company Profile & Funding

Pegasus Airlines is a public company based in Istanbul (Turkey), founded in 1990. It operates as a Provider of low-cost air travel services. Pegasus Airlines has raised an undisclosed amount in funding.

Company Details

Provider of low-cost air travel services. It offers scheduled domestic and international flights on short and medium-range routes. The company utilizes a low-cost business model to provide affordable airfare. Services include online check-in, baggage handling, and optional add-ons such as seat selection and meals. It also offers a loyalty program with associated benefits. The airline aims to make air travel accessible to a wider customer base.

Website: www.flypgs.com/
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Key Metrics

Founded Year

1990

Location

Istanbul, Turkey

Stage

Public

Latest Funding Round

Grant (prize money), Oct 01, 2016, $*****

Investors

Europa

Employee Count

7,634 as on Apr 30, 2026

Investment & Acquisitions

Smartwings & 2 more

Similar Companies

Volaris & 71 more

Exit Details

Public

View Pegasus Airlines' full profile

Pegasus Airlines got listed on Apr 26, 2013.

Click here to take a look at Pegasus Airlines's IPO in detail

Pegasus Airlines has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Oct 01, 2016 for $*****. 1 investor participated in its latest round. Pegasus Airlines has 1 institutional investor.

Here is the list of recent funding rounds of Pegasus Airlines:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2016	7104314	Grant (prize money)	1797683	8635099	1457209	6663753

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View details of Pegasus Airlines's funding rounds and investors

Pegasus Airlines' employee count trend

Pegasus Airlines has 7,634 employees as of Apr 26. Here is Pegasus Airlines's employee count trend over the years:

Employee count trend for Pegasus Airlines

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Pegasus Airlines has made 1 investment in Easy Home Finance and acquired Smartwings and Csa.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 08, 2025	Acquisition	Smartwings	1997	Prague (Czech Republic)
Dec 08, 2025	Acquisition	Csa		Czech Republic
Sep 07, 2023	Investments	Easy Home Finance	2017	Mumbai (India)