Boeing and Pegasus Airlines have finalized an order for 5 Boeing 737-800NG airplanes, valued at approximately $505 million based on expected list prices at delivery.

Pegasus Airlines and its subsidiaries, Air Manas and Izair, operate a fleet of 58 737-800s and a total of 69 aircraft.

The carrier is based out of Istanbul Sabiha Gökçen International Airport, operating an extensive network of domestic and regional services.

Pegasus Airlines is a privately owned airline and Turkey's leading low-cost carrier. It launched its first charter flights in 1990 and is owned by ESAS Holding, operating scheduled flights since 2005.

Pegasus Airlines flies a scheduled service to 33 destinations in Turkey and 70 in the rest of the world, bringing its total network to 103 destinations in 41 countries.