Boeing, Pegasus Airlines Announce Order for 5 Next-Generation 737-800s

Boeing (NYSE: BA) and Turkey's leading low-cost carrier Pegasus Airlines, have finalized an order for five Next-Generation 737-800 airplanes, valued at approximately $505 million based on expected list prices at delivery.

Pegasus Airlines and its subsidiaries, Air Manas and Izair, operate a fleet of 58 737-800s and a total of 69 aircraft. The carrier is based out of Istanbul Sabiha Gökçen International Airport, operating an extensive network of domestic and regional services.

"The performance of the 737-800 has proven reliability, fantastic operating economics and popularity with our customers," said Mehmet Nane , CEO Pegasus Airlines. "I am pleased that we will be continuing with this long-standing relationship that stretches back 20 years, adding more Boeing airplanes to our fleet."

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"The 737-800 continues to be the best selling version of the very successful Next-Generation 737 family, accumulating over 7,000 orders worldwide," said Monty Oliver , Vice President, European Sales, Boeing Commercial Airplanes. "We are proud that Pegasus has again selected Boeing to meet its fleet requirements."

Pegasus Airlines is a privately owned airline and Turkey's leading low-cost carrier. It launched its first charter flights in 1990 and is owned by ESAS Holding, operating scheduled flights since 2005.

Pegasus Airlines flies a scheduled service to 33 destinations in Turkey and 70 in the rest of the world, bringing its total network to 103 destinations in 41 countries.

Source: The Boeing Company (NYSE: BA)
Date: Mar 22, 2016