Pegasus Tops Three Categories at Airline Economics Aviation 100 Awards
Pegasus Airlines has won three prestigious awards at the Airline Economics Aviation 100 European & Sustainability Awards 2025 for its pioneering practices in sustainability and finance.
The results of the Airline Economics Aviation 100 European & Sustainability Awards 2025, one of Europe’s most respected aviation organisations, have been announced. Pegasus Airlines once again demonstrated its industry leadership by receiving awards in three different categories, recognising both its sustainable aviation initiatives and innovative financial practices.
Awards Won by Pegasus
Sustainability Team of the Year
Pegasus’ Sustainability Team was honoured with the “Sustainability Team of the Year” award thanks to its ESG strategy, supported by a climate transition roadmap aimed at achieving carbon neutrality, gender balance-focused initiatives, and transparent reporting practices.
European Treasury Team of the Year
The company’s Treasury Team received the “European Treasury Team of the Year” award for its innovative steps, including aircraft financings in 2024 and 2025, Eurobond issuances, sustainability-linked financing structures, funding for hangar construction at Sabiha Gökçen Airport, spare engine financing, and the industry’s first engine maintenance financing.
Sustainable Aviation Finance Excellence Award
Pegasus was awarded the “Sustainable Aviation Finance Excellence Award” for the sustainability-linked JOLCO financing of three Airbus A321neo aircraft, conducted in collaboration with Japan’s leading financial institutions SMFL and SMBC. This transaction stands out globally as a pioneering application, linking debt and equity components directly to long-term sustainability targets.
Kubatoğlu: “Our Sustainable and Innovative Approach Recognised”
Pegasus Airlines CFO Barbaros Kubatoğlu commented on the three awards:
“These awards reflect Pegasus Airlines’ long-term commitment to being a financially resilient, innovative, and sustainable airline. By integrating sustainability into every layer of our financial strategy—from treasury operations to ESG-linked financing structures—we not only adapt to the future but also actively shape it.”
