German airline giant Lufthansa has formally expressed interest in acquiring Portugal's flag carrier TAP, signaling its latest move in a broader strategy to

Aviation News – Pegasus Airlines buys Smartwings for €154 million Pegasus Airlines will become the new owner of Smartwings, including the Czech Airlines brand, in a €154 million acquisition aimed at strengthening the Turkish low-cost carrier’s position in the European market. The deal follows extended negotiations between the companies. Smartwings, a Czech airline that also owns Czech Airlines, had been searching for a strategic partner to gain scale and remain competitive within the EU aviation landscape.