Pegasus Asia, a joint venture formed by Turkish low-cost carrier Pegasus Airlines and Kyrgyz airline Air Manas, said its arrival in Kyrgyzstan has seen airfares in the Central Asian republic drop by as much as 60% as it introduces competition on flight sectors. The carrier is part of the Turkish airline’s expansion into the region, which CEO Ali Sabanci has said suffers from high fares due to airline monopolies and restrictive regulatory regimes in the patchwork of former Soviet ...

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