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Group Companies

Esas Holding is the controlling shareholder of Pegasus. Esas Holding is a holding company founded in 2000 by Şevket SABANCI and his family and as of December 31, 2014 has investments in the aviation, retail and entertainment, healthcare, food and real estate sectors in and outside of Turkey. Esas Holding is fully owned by Şevket SABANCI and the members of his family.

The table below lists information relating to the direct subsidiaries and joint ventures of Pegasus as of March 31, 2016. As of March 31, 2016 Pegasus did not have any indirect subsidiaries or joint ventures.

Name of the company Country of Registration and operation Issued Capital Nominal Shareholding Share Percentage Affiliation with Pegasus
Air Manas Air Company LLC Kyrgyzstan /Scheduled and unscheduled air transportation 12.425.000 KG 6.088.250 KG %49,0 Subsidiary
IHY İzmir Havayolları A.Ş. (IzAir Turkey / Scheduled and unscheduled air transportation 59.500.000 TL 41.125.000 T %69,1 Subsidiary
Pegasus Uçuş Eğitim Merkezi A.Ş. (PUEM) T.C. / Simulated flight training 200.000 TL 98.800 TL %49,40 Joint Venture
Hitit Bilgisayar Hizmetleri A.Ş. Information Technologies Solutions 200.000 TL 100.000 TL %50 Joint Venture
Pegasus Havacılık Teknolojileri ve Ticaret A.Ş. Synthetic training device services and training operations. 100.000 TL 100.000 TL %100 subsidiary