After thorough assessments of its aircraft needs for 2028 and the subsequent decade, Turkish air carrier with the youngest fleet in the country and one of the youngest in the world, Pegasus Airlines, announced that it has made a significant investment in its future by entering into a contract with The Boeing Company for 200 Boeing 737-10 aircraft.
According to the agreement, Pegasus Airlines has confirmed an order for the initial 100 Boeing 737-10 jets, scheduled for delivery starting in 2028, along with options for an additional 100 aircraft that may be converted into firm orders in the future.
The overall value of this contract for the 200 Boeing 737-10 aircraft is estimated to be around $36 billion, based on Boeing’s publicly disclosed current list prices.
Boeing 737-10 is the largest single-aisle model within Boeing’s 737 MAX series, delivers exceptional efficiency for short- and medium-distance flights. Equipped with CFM International LEAP-1B engines, the Boeing 737-10 achieves a remarkable 20% reduction in fuel consumption when compared to earlier aircraft generations.
Additionally, with the ability to accommodate up to 230 passengers, the Boeing 737-10 enhances passenger comfort through its roomy cabin and ample overhead storage space.
The largest aircraft order in Pegasus Airlines’ history not only gives a huge boost to airline’s growth ambitions, but also marks a crucial advancement towards realizing its sustainability objectives for 2050.
Upon announcement of the order agreement, Güliz Öztürk, CEO of Pegasus Airlines, issued the following statement:
“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 Turkey to achieve the targeted 100 million visitors and $100 billion in revenue in tourism. We continue to invest in our fleet in line with our growth targets in Turkey 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 Turkey 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.”
