Subscribe Free
in Events

Turkey's Pegasus wins two awards

Posted 30 June 2021 · Add Comment

Leading low-cost airline, Pegasus, has won two awards at the annual Airfinance Journal Deal of The Year Awards organised by Airfinance Journal.

Image:  Pegasus Airlines

A panel of expert judges, made up of senior aviation finance and independent executives, named Pegasus Airlines the winner of the “Tax Lease Deal of the Year” and “Airline Treasury Team of the Year” categories for 2020.


Pegasus Airlines was awarded the “Tax Lease Deal of the Year” award for securing €55m JOLCO financing for an Airbus A321neo aircraft delivery, due to the innovative structure of the transaction, and for being the first aircraft ever delivered fully remotely from a manufacturer's production line.


The Pegasus Airlines Aircraft Finance Team excelled at diversifying its financing channels by closing deals with different structures last year including: Insurance-backed financing product Balthazar financing, ECA-backed financing and JOLCO financings for new deliveries. The team also secured the exit of some of its Boeing 737-800s via the sale and leaseback market, and were awarded “Airline Treasury Team of the Year” for the success achieved from their efforts.


Other Stories
Latest News

The Allen key to success

Steve Allen’s promotion to executive vice president of Dnata has come at a tough time for the industry, but, as he tells Jill Stockbridge, he is unlocking opportunities and planning growth.

Gulfstream adds new features to the G280

Gulfstream Aerospace has added several new features and options to the popular super-midsize Gulfstream G280 as investment in the aircraft and interest in the segment continue.

Why pilot mental health has jumped up the agenda

After a six-month delay, new EU pilot mental fitness rules came into effect earlier this year. With many non-EU countries and airlines mirroring European Aviation Safety Agency (EASA) best practice, several Middle East carriers are

Accelerating the transition of long-haul aviation towards net zero

Rolls-Royce, Airbus and Shell are investing in technology required to achieve the transition of long-haul aviation towards net zero.

Boeing releases Q3 deliveries

The Boeing Company has announced programme deliveries across its commercial and defence operations for the third quarter of 2021.

Al Qubaisi named as new director-general of UAE national space agency

The UAE has appointed Salem Butti Salem Al Qubaisi as the new director-general of its national space agency.

WDS SK2601090322
See us at
DIACC BT0809131121World Defence Show 2022DAS BT2909181121Aviation Africa 2022