Pegasus Airlines received three prestigious awards at the Airline Economics Aviation 100 European & Sustainability Awards 2025. These accolades – Sustainability Team of the Year, European Treasury Team of the Yearand Sustainability Aviation Financing Excellence Awards – highlight Pegasus’ strong team collaboration and pioneering role in sustainable aviation, its commitment to integrating environmental and social goals into its financial strategy and delivering innovative financing solutions across the aviation sector.
Sustainability Team of the Year
Pegasus’ Sustainability Team was named Sustainability Team of the Year in recognition of Pegasus’ value creation through a holistic approach and cross-functional ESG strategy including its climate transition roadmap, gender balance initiatives, and strong governance structure with transparent reporting practices.
European Treasury Team of the Year
The airline’s Treasury Team was awarded European Treasury Team of the Year for its diverse and leading-edge financing transactions that closed in 2024 and 2025. These includes several aircraft financings, sustainability-linked structures, Eurobond issuance, financing of the constructions of hangar buildings at Sabiha Gökçen Airport, spare engine financings and the industry’s first engine maintenance transaction which was supported under France’s export credit agency (ECA) BpiFrance’s credit insurance programme.
Sustainability Aviation Financing Excellence Award
Pegasus received the Sustainability Aviation Financing Excellence Award for its Sustainability-Linked JOLCO financing of three Airbus A321neo aircraft, executed in partnership with SMFL and SMBC. In this transaction, both the debt and equity components were directly linked to the company’s long-term sustainability targets.
Barbaros Kubatoğlu, CFO of Pegasus Airlines, said: “These awards reflect Pegasus Airlines’ long-term commitment to building a financially resilient, innovative and sustainability driven airline. By embedding sustainability into layers of our financial strategy, from treasury operations to ESG-linked structures, we’re not just adapting to the future, we’re helping to shape it. This recognition belongs to our teams whose collaboration and innovation continue to set new standards in aviation finance.”
About Pegasus Airlines
Established in 1990, Pegasus Airlines adopted a low-cost airline business model after being acquired by ESAS Holding in 2005. As Türkiye’s leading low-cost carrier, Pegasus operates with the belief that everyone should have the right to fly, offering low-cost travel on a young fleet of aircraft. Since 2018, Pegasus has operated with the motto “Your Digital Airline,” connecting passengers to 153 destinations across 54 countries, including 38 domestic (Türkiye) and 115 international routes. Operating mainly through its primary hub at Istanbul Sabiha Gökçen Airport, and other airports in Türkiye, Pegasus offers its guest seamless connections between Türkiye and Europe, the Middle East and North Africa, and Central Asia. With a customer-focused approach, Pegasus enhances the travel experience of its guests by offering digital technologies and unique innovations designed to make their journeys easier. For more information, please visit the Pegasus website.
SOURCE AND IMAGE: PEGASUS AIRLINES
