Turkish low-cost carrier Pegasus Airlines has placed a major order for 100 Boeing 737 MAX 10 aircraft, marking one of the largest single orders in the airline’s history and a significant win for Boeing. This order underscores Pegasus Airlines’ commitment to fleet modernization and future expansion as the airline continues to strengthen its presence in Europe and beyond.
Deal Value: Estimated at over $10 billion based on list prices
The order represents a strategic decision by Pegasus Airlines to modernize its fleet with fuel-efficient, next-generation aircraft capable of supporting its growing network.
Why the Boeing 737 MAX 10?
The Boeing 737 MAX 10 is the largest variant in the 737 MAX family and offers:
Increased Capacity: Seating for up to 230 passengers, making it ideal for high-demand routes.
Fuel Efficiency: Up to 20% less fuel consumption compared to previous-generation aircraft.
Range: A maximum range of 3,300 nautical miles (6,110 kilometers), enabling the airline to operate longer routes efficiently.
Pegasus Airlines has previously operated a mixed fleet of Boeing and Airbus aircraft. This new order solidifies Boeing’s position within the airline’s fleet strategy, marking a notable shift as the carrier expands its operations.
Strategic Expansion for Pegasus Airlines
This order is part of Pegasus Airlines’ ambitious growth strategy. As one of Europe’s leading low-cost carriers, the airline aims to:
Expand Its Network: Serve more destinations in Europe, the Middle East, and Asia.
Enhance Passenger Experience: Offer a modern fleet with improved comfort and reliability.
Reduce Operating Costs: Leverage the fuel efficiency of the 737 MAX 10 to lower operational expenses.
Mehmet T. Nane, Chairman of Pegasus Airlines, expressed enthusiasm for the deal:
“We are excited to continue our relationship with Boeing and modernize our fleet with the 737 MAX 10. This aircraft provides the perfect combination of capacity, efficiency, and range to support our growth ambitions.”
Stan Deal, President and CEO of Boeing Commercial Airplanes, noted:
“This significant order from Pegasus Airlines is a testament to the value and efficiency that the 737 MAX 10 delivers. We are proud to support Pegasus Airlines as they expand their operations and provide exceptional service to their customers.”
Impact on the Industry
This deal marks a major victory for Boeing, especially in the competitive narrowbody market where it contends with Airbus. The order comes at a crucial time as Boeing continues to recover from previous challenges related to the 737 MAX. For Pegasus Airlines, the deal positions them to better compete with other low-cost carriers like Ryanair and Wizz Air.
Delivery Timeline
The first deliveries of the 737 MAX 10 are expected to begin in 2025, with the entire order set to be fulfilled over several years. This phased delivery will allow Pegasus Airlines to gradually phase out older aircraft while integrating the new jets into their network.
Bottom Line
Pegasus Airlines’ commitment to 100 Boeing 737 MAX 10 aircraft represents a bold step forward in fleet modernization and network expansion. This landmark order not only reinforces the airline’s growth trajectory but also highlights the ongoing demand for efficient, high-capacity narrowbody aircraft in the competitive low-cost carrier market.
