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The company is owned by Victory Park Capital, a Chicago-based investment firm. Silver Airways is headquartered in Fort Lauderdale (Florida) with a maintenance facility based at Gainesville Regional Airport in Florida. The airline operates under a principal code share and alliance agreement with United Airlines.
In January 2005, ESAS Holdings purchased Pegasus Airlines and placed Ali Sabanci as the chairman. Two months later, he changed the airline from a Charter airline, to a Low-Cost airline.n 2012, Pegasus Airlines, the second largest airline in Turkey, has signed for up to 100 A320neo Family aircraft (57 A320neo and 18 A321neo models), of which 75 are firm orders.