ABL Aviation delivers fourth A321neo to Pegasus Airlines

A Pegasus Airlines A321neo aircraft, delivered from Jackson Square Aviation.
Photo Credit: Jackson Square Aviation

Pegasus Airlines has now taken delivery of a further Airbus A321neo aircraft from global aircraft investment management firm ABL Aviation.

This aircraft becomes the fourth A320neo family unit delivered to the carrier

The transaction follows an April 2020 deal also arranged by ABL Aviation for Pegasus Airlines. Closed at the height of the COVID-19 pandemic, the transaction marked the industry’s first-ever 100% remote delivery of an aircraft.

Commenting, Ali Ben Lmadani, CEO of ABL Aviation, said: “We are thrilled to complete another delivery for Pegasus Airlines with whom we have enjoyed a longstanding relationship.”

“This fourth transaction reflects our strong partnership with Pegasus and demonstrates our commitment to creating tailored solutions and financing environmentally friendly new generation Airbus NEO aircraft to support our customers’ growth targets.”

Airline comments

Tamer Yüzüak, EVP Finance and Fleet Management of Pegasus Airlines adds “We are pleased to expand our relationship with ABL Aviation during tough times and good times with the JOLCO financing of this A321neo aircraft.”

“Pegasus Airlines will continue to diversify its financing resources in favour of the new technology and environmentally friendly Airbus NEO family aircraft.”


“We are now operating 97 aircraft as of today, almost 75% of our fleet consisting of new technology CFM LEAP-1A powered A320neo family aircraft.”

“We are among the leading airlines that adopted IATA’s ‘2050 Net Zero Carbon Emissions’, our commitment to grow with environmentally friendly new generation Airbus NEO Aircraft family aircraft also contributes to achieve our targets to ‘Fly Net Zero. You’”

Incorporating the latest technologies, the A321neo delivers 20% fuel cost savings alone with its new generation engines and the industry’s reference cabin design.

The A321neo also offers significant environmental benefits with nearly a 50% reduction in noise footprint compared to previous generation aircraft, helping Pegasus to meet its ambitious sustainability targets, including zero net CO2 emissions by 2050.

About Pegasus Airlines

Pegasus Airlines is a low-cost carrier headquartered in the Kurtköy area of Pendik, Istanbul with bases at several Turkish airports.

It is the largest low-cost carrier in Turkey, operating a fleet of over 90 aircraft to over 100 destinations in Europe, Asia, and the Middle East.

Pegasus Airlines was founded in 1989 as a charter airline. It began scheduled operations in 1990, and quickly became one of the most popular airlines in Turkey.

The airline has a strong safety record, and has been awarded the “Airline of the Year” award by Skytrax several times.

Pegasus Airlines is a major player in the Turkish aviation industry, and is a popular choice for both domestic and international travel. The airline offers a convenient and affordable way to travel to a variety of destinations, and has a strong safety record.

Current fleet

As of March 2023, Pegasus Airlines has a fleet of 94 aircraft, consisting of the following: 47 Airbus A320-200; 39 A321-200; 8 Boeing 737-800 aircraft.

The airline has a number of aircraft on order, including Airbus A320neo and A321neos.

By Len Varley - Assistant Editor 4 Min Read
4 Min Read
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