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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 companyCountry of Registration and operationIssued CapitalNominal ShareholdingShare PercentageAffiliation with Pegasus
Air Manas Air Company LLCKyrgyzstan /Scheduled and unscheduled air transportation12.425.000 KG6.088.250 KG%49,0Subsidiary
IHY İzmir Havayolları A.Ş. (IzAirTurkey / Scheduled and unscheduled air transportation59.500.000 TL41.125.000 T%69,1Subsidiary
Pegasus Uçuş Eğitim Merkezi A.Ş. (PUEM)T.C. / Simulated flight training200.000 TL98.800 TL%49,40Joint Venture
Hitit Bilgisayar Hizmetleri A.Ş.Information Technologies Solutions200.000 TL100.000 TL%50Joint Venture
Pegasus Havacılık Teknolojileri ve Ticaret A.Ş.Synthetic training device services and training operations.100.000 TL100.000 TL%100subsidiary