Pegasus to sell up to 36% of company in IPO

Pegasus Airlines applied to the Istanbul Stock Exchange to sell up to 36% of the company in an IPO (Bloomberg/Today's Zaman, 15-Feb-2011). Pegasus plans to sell an initial 31.3% stake with an option to sell a further 4.7%. Pegasus Airlines was established in 1990 as a JV between Aer Lingus, Silkar Yatırım and Net Holding.