Airline says it’s in talks with Boeing

Turkish low-cost carrier Pegasus Airlines reports that it’s talking with Boeing about a deal to buy 23 737s.

The deal would double the size of the airline’s fleet by 2012, according to Bloomberg News. The report says the deal would be worth $2.3 billion, but in reality, an order for 23 737-800s — the primary plane in the Pegasus fleet — would be worth about $1.7 billion at list prices, meaning the airline would pay about $1.1 billion after what analysts say are typical discounts.

Pegasus already has planes on order from Boeing, having placed firm orders for six in 2006 and another six in 2007.

Pegasus has been busy lately. In October, it formed a joint-venture with the government-owned airline of the former Soviet republic of Kyrgyzstan to create Kyrgyz Pegasus Airlines, which will start offering service this month from Bishkek, the capital of Kyrgyzstan, to Russia, China, Kazakhstan and Turkey. Pegasus has also formed a codeshare agreement with German carrier Air Berlin to sell seats on each other’s flights, particularly those between Germany and Turkey. The airline also is planning an initial public stock offering in 2010, with the goal of selling a 25- to 30-percent stake in the company, which now is solely owned by Turkish investment company Esas Holdings.


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