Pegasus Airlines (PC, Istanbul Sabiha Gökcen) has applied to issue up to USD250 million in debt securities on international markets, following a board resolution on March 17, 2026. The proposed issuance, which may be executed in one or multiple tranches, is subject to approval by the Turkish capital markets regulator. The final timing, structure, and pricing will be determined based on market conditions at issuance. The airline did not disclose the intended use of the proceeds.