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Pegasus Airlines Honored for Sustainability and Financial Leadership at Aviation 100 Awards

Pegasus Airlines Honored for Sustainability and Financial Leadership at Aviation 100 Awards
Pegasus Airlines has been distinguished for its exemplary achievements in sustainable aviation and financial innovation at the prestigious Airline Economics Aviation 100 Awards. The carrier secured three prominent accolades: Sustainability Team of the Year, European Treasury Team of the Year, and the Sustainability Aviation Financing Excellence Award. These honors underscore Pegasus Airlines’ dedication to embedding environmental and social responsibility within its financial strategy.
Industry Context and Competitive Landscape
The recognition arrives amid increasing pressures on the aviation sector to address sustainability and operational challenges. While Pegasus Airlines advances its leadership in sustainable practices, several competitors are confronting significant difficulties. Spirit Airlines is currently navigating uncertainty following the retirement of its vice president of network planning, raising questions about its strategic direction. Condor remains embroiled in legal disputes with Lufthansa, and Mango Airlines has ceased operations after unsuccessful rescue attempts. These developments highlight the complex regulatory and competitive environment in which airlines operate, rendering Pegasus’ accomplishments in sustainability and financial resilience particularly significant.
Sustainability Team of the Year
Pegasus’ Sustainability Team was lauded for its comprehensive approach to environmental, social, and governance (ESG) initiatives. The team’s climate transition roadmap, gender equity programs, and robust governance framework—underpinned by transparent reporting—have established a new industry benchmark. This integrated strategy has enabled Pegasus to generate value while advancing its sustainability commitments across multiple dimensions.
European Treasury Team of the Year
The airline’s Treasury Team received the European Treasury Team of the Year award in recognition of its innovative financing activities throughout 2024 and 2025. Key achievements included securing funding for new aircraft acquisitions, implementing sustainability-linked financial structures, issuing Eurobonds, and financing the construction of hangars at Sabiha Gökçen Airport. Notably, the team executed the aviation industry’s first engine maintenance transaction backed by France’s export credit agency, BpiFrance, under its credit insurance program.
Sustainability Aviation Financing Excellence Award
Pegasus Airlines was also honored with the Sustainability Aviation Financing Excellence Award for its pioneering Sustainability-Linked JOLCO (Japanese Operating Lease with Call Option) financing of three Airbus A321neo aircraft. In partnership with SMFL and SMBC, this transaction uniquely aligned both debt and equity components with the airline’s long-term sustainability objectives, setting a new standard for sustainable aviation financing.
As the aviation sector increasingly embraces consulting services and innovative solutions to address growth and sustainability challenges, Pegasus Airlines’ proactive approach positions it as a leader amid evolving market dynamics. The airline’s capacity to sustain strong financial performance while advancing environmental responsibility distinguishes it from competitors facing operational and legal setbacks.
Barbaros Kubatoğlu, CFO of Pegasus Airlines, remarked, “These awards reflect Pegasus Airlines’ long-term commitment to building a financially resilient, innovative, and sustainability-driven airline. By embedding sustainability into every layer of our financial strategy, from treasury operations to ESG-linked structures, we are setting a new benchmark for the industry.”
Pegasus Airlines’ recognition at the Aviation 100 Awards not only affirms its leadership in sustainable aviation but also highlights the growing importance of integrating financial innovation with environmental stewardship in a rapidly evolving industry landscape.

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