Turkey's Pegasus Airlines will place an order for 100 narrowbody aircraft within the coming months with both the Airbus A320neo and Boeing 737 Max in the frame.
Speaking to Flightglobal Pro at French Connect 2012, Sertac Haybat, chief executive, says the order, initially planned for February 2012, will still go ahead within the next two months despite the suspension of a planned IPO.
He says that although funds raised through the IPO had been earmarked to help finance the order, the aircraft acquisition can stil proceed without the additional capital.
"We are ready [for the IPO] and have [completed] all the bureaucratic requirements, but we are waiting for a window of opportunity, maybe at the end of this year. We are not desperate so we will do it when the time is right," he says.
Haybat adds: "We won't need that much cash for the order."
In December 2011, Haybat said the order was necessary to reshape the airline's fleet after 2016 and would consider leasing aircraft if it was only offered delivery slots for 2018 and beyond.
He also says the carrier has suspended plans to start long-haul operations in 2015. "It won't be in 2015it's still on the agenda, but not on our immediate horizon," he says.
"Being a low-cost carrier, before we can start developing long-haul flights we need a very comprehensive medium-haul network."